November 6, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top Biglaw Firm Opts For Three-Day Office Mandate In A Four-Day World
(DBN)

Top 50 Biglaw Firm Increases Its Office Attendance Requirement To Four Days — Just For Junior Associates
(DBN)

4-Day Attendance Requirements Gain Momentum, but Partner Objections Persist
(DBN)

Notice of Appearance: Damian Schaible
(DBN)

How to respond to a one-star review of your law firm
(DBN)

The Elephant In The Room For Legal AI Remains Elephantine Document Sets
(DBN)

Top ICE Official Says Protesters Can Be Arrested for Simply Criticizing Mass Deportation Campaign: Court Filing • ICE Plans Cash Rewards for Private Bounty Hunters to Locate and Track Immigrants • Masked ICE Agents Snatch U.S. Citizen’s Car With Toddler in the Back • Pope Leo calls for ‘deep reflection’ about treatment of detained migrants in the United States • Border Patrol leader backs federal agents’ use of tear gas during Chicago immigration crackdown • US ends protected status for South Sudanese nationals • Chicago daycare worker detained by immigration agents at drop-off time for children • Chicago residents say immigration enforcement is leading to children getting tear-gassed • Judge hears testimony about crowded cells and overflowing toilets at Broadview immigration site • Pope Leo offers his strongest criticism of Trump yet
(DBN)

Sandwich thrown by protester 'exploded' and left mustard stain on border agent, court hears
(DBN)

Expert Sues Jan. 6 Lawyers For Attaching Her Publicly Filed Report Without Paying $30K
(DBN)

Judge says DOJ failed to give full transcripts of Halligan’s Comey grand jury proceedings • Judge in Comey case scolds prosecutors as he orders them to produce records • Judge scolds Comey prosecutors for ‘indict first and investigate second’
(DBN)

Cameras in the courtroom? Debate rages in Charlie Kirk murder trial.
(DBN)

FBI fires additional agents who participated in investigating Trump
(DBN)

Diddy Bragging in Prison ... Trump Will Pardon Me Next Year
(DBN

Kash Patel Wouldn't Be the First FBI Boss to Go Down By Turning His Official Plane Into a Private Jet
(DBN)

He’s Been Charged With Dozens of Crimes. Nobody Knows His Name.
(DBN)

Massive brawl breaks out at Texas Bass Pro Shop grand opening over bathroom dispute
(DBN)

Jury deliberations begin in lawsuit filed by Virginia teacher shot by 6-year-old student
(DBN)

Man killed girlfriend and hid her body in the woods after she said she was going to leave
(DBN)

Man blamed wife for his arrest for strangling her, then stabbed her and killed her dog
(DBN)

Florida mom defends family after McDonald's worker allegedly pulls gun during argument after waiting 'over an hour' for chicken sandwich
(DBN)

Quintet allegedly kept woman locked outside in rusty handcuffs, used BB gun to punish her
(DBN)

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Judges:

Attorney in Judge Romance Scandal to Exit GWG Bankruptcy Role
(DBN)

Bankruptcy Judgeship Opportunities: Two Positions Northern District of California - San Francisco & San Jose
(DBN)

SCOTUS debates a time limit on challenging void judgments
(DBN)

Supreme Court appears skeptical of Trump’s tariffs • View from the court: Trump’s tariffs - from dollars to donuts • Trump’s tariffs get frosty reception at Supreme Court • Chief Justice Roberts Calls Trump’s Tariffs ‘Taxes on Americans’ While Grilling Admin Lawyer • Supreme Court appears skeptical of legality of most of Trump’s tariffs • Supreme Court sounds skeptical of Trump's wide-ranging tariffs • Supreme Court Appears Skeptical of Trump’s Global Tariffs • Gorsuch Warns of President's Growing Power • Barrett puts top Trump admin lawyer on skates with direct questions on president's tariffs • What to know about the Supreme Court arguments over Trump’s tariffs • The Supreme Court might actually stand up to Trump • Supreme Court weighs Trump's tariffs: What's at stake for the economy • ‘That Has Never Been Tolerated in the Entire History of Our Republic’ • Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes • The Tariff King and the Supreme Court
(DBN)

Supreme Court Weighs Time Limits on Challenging Void Judgments in Bankruptcy Case
(DBN)

Trump admin 'overstepped' its authority by threatening grant funding to states: Judge
(DBN)

Texas congressman moves to impeach federal judge over role in Trump-related probe
(DBN)

The most horrifying religion case to hit the Supreme Court in years is also one of the hardest
(DBN)

If the Trump administration defies the courts, what can be done about it?
(DBN)

DOJ Gives Judge Heads Up They Have Zero Plan To Actually Listen To Him
(DBN)

Judiciary Panel Debates AI, Deepfakes as Shutdown Continues
(DBN)

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Wall Street:

Stock futures are little changed after AI trade recovers from pullback
(DBN)

Wall Street rises slightly as the private sector employment came in stronger than expected
(DBN)

Markets plunge worldwide after ‘Big Short’ investor Michael Burry reveals $1.1 billion bet against AI stocks
(DBN)

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Layoffs:

IBM’s CEO admits Gen Z’s hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers
(DBN)

Spirit Airlines Cuts 150 Jobs, Exits Several Markets
(DBN)

Optum to lay off 572 across New Jersey
(DBN)

Company that helped create the SAT to lay off 757 California workers
(DBN)

Oshkosh: Food service provider to layoff 150+
(DBN)

At USC, more than 900 employees laid off since July
(DBN)

New bipartisan bill would require companies to report AI job losses
(DBN)

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Autos:

Chrysler, Dodge, Jeep partner abruptly ceases US operations & files for bankruptcy – as car supplier confirms insolvency
(DBN)

On the frontline of America’s car repossession boom - Number of seized vehicles at 14-year high as more US drivers struggle to pay off auto loans
(DBN)

Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
(DBN)

17 exotic cars, US$500,000 private chef: First Brands’ founder accused of looting US$700 million
(DBN)

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Pharma:

FDA Drug Chief’s ‘Revenge’ Emails Revealed in Explosive Lawsuit
(DBN)

Trump administration nears deals with pharmaceutical companies to offer obesity drugs for $149 a month
(DBN)

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Corporate Governance:

Tesla board to shareholders: Pay Musk or else
(DBN)

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Tax:

IRS Workers In Collections Take Biggest Hit In Shutdown Firings
(DBN)

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Newspapers:

New York Times tops estimates for subscriber adds on strong demand, bundling efforts
(DBN)

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Labor:

Starbucks' union workers plan strike next week unless company agrees to a contract
(DBN)

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Climate:

The US led the world to reach a huge climate deal. Then, it switched sides.
(DBN)

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Movies:

Alcon Wins Sequel Rights to ‘Matrix,’ ‘Practical Magic’ and More Warner Bros. Films From Village Roadshow • Alcon Wins Derivative Rights To Village Roadshow Film Library It Acquired In $417.5M Deal
(DBN)

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Finance:

U.S. Credit Markets Stay Strong Despite Isolated Bankruptcies, Analysts Say
(DBN)

Recent fraud allegations, bankruptcies place emphasis on controls
(DBN)

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Crypto:

Sam Bankman-Fried’s Mom Is Posting From His Substack. Why?
(DBN)

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Economy:

NY Fed Q3 Report: Household Debt Increased $197 Billion in Q3; Delinquencies "Elevated"
(DBN)

Data scientists perform last rites for ‘dearly departed datasets’ in 2nd Trump administration
(DBN)

States Where Credit Card Delinquency Is Increasing The Most
(DBN)

Rising household debt balances point to worsening ‘K-shaped’ economic divide
(DBN)

ISM® Services Index Increased to 52.4% in October; Prices Paid Very High; Employment in Contraction for Fifth Consecutive Month • US service sector activity accelerates in October; employment still subdued • US Services Activity Expands at Fastest Pace in Eight Months
(DBN)

ADP: Private Employment Increased 42,000 in October
(DBN)

Trump may become the face of economic discontent, a year after such worries helped him win big
(DBN)

Supreme Court’s Skepticism on Trump Tariffs Means Uncertainty Reigns • Tariffs face an uncertain future after Supreme Court hearing. Here are the potential market impacts
(DBN)

'Golden age': Trump touts his economic agenda a day after heavy GOP election losses
(DBN)

Election results' message: Americans want things cheaper • Vance delivers post-election reality check, contends GOP must make life affordable or get walloped in 2026
(DBN)

Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials
(DBN)

Top Trump political adviser says president will focus on affordability going forward
(DBN)

Here’s what it means to be rich in this economy — from your 20s to your 80s
(DBN)

Nearly One in Five Americans Works From Home Regularly
(DBN)

Canada to Poach H-1B Visa Holders, International Researchers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

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

Q3 NY Fed Report: Mortgage Originations by Credit Score, Foreclosures Increase Slightly
(DBN)

Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why
(DBN)

America's first-time homebuyers are disappearing. That's bad news for real estate.
(DBN)

Millions Of Texans Set For Increased Property Tax Breaks
(DBN)

Owner of historic Detroit tower files for bankruptcy protection ahead of building's sale
(DBN)

East Coast office REIT with big Silicon Valley holdings seeks bankruptcy
(DBN)

Newpro's parent company, Renovo, files for bankruptcy • Few answers as Woburn-based Newpro files for bankruptcy after sudden shutdown
(DBN)

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Municipalities:

Austin Voters Reject Property Tax Hike To Fund Homeless, Other Services
(DBN)

Detroit is back from the dead. But not everyone is feeling it
(DBN)

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Non-Profits:

Another caregiving group steps in to help fill gap from Wilshire bankruptcy
(DBN)

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Politics:

Full list of Democrat victories as party pulls off upsets nationwide • Winners and losers from the 2025 election • Two warnings for Republicans in the New Jersey governor results • A big blue wave for Democrats, and two paths forward • Virginia voters push back hard on Trump administration efforts to reshape federal government • The last time Democrats won like this was right before the 2018 blue wave • Democrats expand majority in Virginia House of Delegates, building on statewide wins • MAGA Blame Game Erupts After Republicans Suffer Nationwide Losses • Trump Demands Voting Changes Hours After Major Democrat Wins • In Upset, Republicans Ousted on Georgia Utility Board • Democrats Flip Two Seats in Deep Red Mississippi, Break GOP Supermajority • Eight California Counties Won by Donald Trump Vote ‘Yes’ on Prop 50 • 'Repudiation': Democrats deliver warning to Trump as big midterm test approaches • How Democrats learnt to win again – for now • Democrats dominate as economic woes take a toll on Trump’s GOP, and other Election Day 2025 takeaways • Barack Obama Sends Message To Democrats After Victories • Republicans Say Democratic Wins Were Expected, Yet See Warning Signs • Fox News’ Bret Baier Delivers Brutal Reality Check to Republicans • The 2025 election crystallized the GOP’s post-Trump problem • After strong election, Democrats now face battle over who defines party • Republicans Learn the Hard Way: Trump’s Coattails Don’t Travel
(DBN)

Mamdani tells Trump that New York is ready to fight after president’s threats fail to thwart voters • In a Speech Full of Hope, Mamdani Celebrates a New Political Order • Democrats risk drawing the wrong lessons from one good day • Mamdani’s ‘Trump-Proofing NYC’ Campaign Sets Up Fight With White House • How the World Sees Mamdani: Icon, Threat, Proof of the American Dream • How would Zohran Mamdani’s dream economy actually work? • Mamdani’s Promises Are on a Collision Course With Fiscal Reality • Uncommon Knowledge: The Working Class Didn’t Win it for Zohran Mamdani • Wall Street girds for life under Mamdani, worries about New York City's competitiveness • Rama Duwaji, Mamdani’s Wife, Carves a Path of Her Own • Trump’s worst nightmare wins in New York • How Mamdani Copied the Trump Playbook to Triumph in New York • Zohran Mamdani: The socialist the billionaires couldn’t stop • RIP New York City • What Zohran Mamdani Has Said About ICE and Immigration • Divided Jewish leaders react with warnings and hope as New York elects Zohran Mamdani as mayor • Zohran Mamdani’s victory should terrify the Democrats • Pro-Trump billionaire just offered an olive branch to Mamdani • Anti-billionaire Mayor-elect Zohran Mamdani responds to critic Bill Ackman’s olive branch • NYC Fire Commissioner to Quit Over Mamdani Stance on Israel • MAGA Reacts to Zohran Mamdani’s Victory in New York • Zohran Mamdani’s Win Could Be Great News for JD Vance: Experts • ‘There Should Be Flashing Red Lights’: Steve Bannon on Mamdani’s Win • New York Is Just the Start: How Mamdani’s Socialism Could Triumph Across the Country • Van Jones among those raising alarm at Mamdani’s instant ‘character switch’ after winning
(DBN)

Nearly a century ago, another socialist was elected NYC mayor. He did a pretty good job.
(DBN)

Trump Meets With GOP Senators As Government Shutdown Becomes Longest In History • On Day 36, the government shutdown is the longest ever as Trump pressures GOP senators to end it • SNAP Update: White House ‘Complying’ With Court Order, Addresses Trump Post • USDA Reveals How Much SNAP Payments Will Be in November • Trump to Raise Food Benefit Payments After Calculation ‘Error’ • VA Services Impacted for Around 1 Million US Veterans • Trump Blames Shutdown for Republican Losses on Election Day • Youngkin blames GOP losses in Virginia on shutdown • Group of Senate Democrats eye abandoning shutdown fight — but get pushback • Dems warned of "hell to pay" if they cut "weak" post-election shutdown deal • Shutdown progress in doubt as Democrats grow emboldened from election wins • The government may not open again this year, thanks to Speaker Johnson • Size of November SNAP payments revealed: Here’s the minimum, maximum benefits • The food crisis is here • US Shutdown Hurts Low-Income Shoppers, Food Lion Owner Says • Last shutdown, Trump hunkered down at the White House ‘all alone.’ This time, Mar-a-Lago beckons
(DBN)

Thune says ending filibuster 'not happening' despite President's demands • Inside Trump's "uncomfortable" breakfast with Republican senators • Trump doubles down on killing the filibuster after election trouncing • Trump’s Nuclear Power Grab Blown Up by GOP Lawmakers
(DBN)

McCaskill: Senate ‘definitely in play’ after Democrats’ wins
(DBN)

Latinos Swung Back To Democrats In Tuesday’s Election After Trump’s Historic Gains
(DBN)

What Does Prop 50 Do? How New California Map Gives Democrats Big Advantage • A Big Win in California Propels Newsom • California Republicans sue over new U.S. House map approved by voters
(DBN)

Redistricting Battles, Set Off by Trump, Have Few Parallels in U.S. History
(DBN)

California Vote Signals New Era of Perpetual Redistricting
(DBN)

Trump's $2 billion fundraising binge
(DBN)

‘I Made A Mistake’: Heritage Foundation President Apologizes to Staff for Video Refusal to Cancel Tucker Carlson and Throws Shade at Former Chief of Staff
(DBN)

Trump still mum on former VP Cheney's death • In the Trump Era, Cheney’s Brand of Conservatism Became Obsolete
(DBN)

A leadership vacuum and staff cuts threaten NSA morale, operational strength
(DBN)

Pentagon faces bipartisan criticism over lack of communication with Congress • Senators call out Pentagon policy office as ‘Pigpen-like mess,’ accuse top official of stonewalling
(DBN)

Greene says she no longer believes QAnon conspiracy theory
(DBN)

Trump revives his false claim that Americans have to show ID to buy groceries
(DBN)

DC National Guard deployment in the nation’s capital ordered by Trump is extended to Feb. 28
(DBN)

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Agribusiness:

Future Crops' cause of bankruptcy still unclear
(DBN)

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Utilities:

PacifiCorp warns of bankruptcy risk
(DBN)

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Religion:

Losing Our Religion?
(DBN)

Leader of conservative Anglican denomination takes leave while facing misconduct claims
(DBN)

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Banking:

Proposed New FDIC Limits Could Protect More of Your Money From Bank Failures
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Year-Over-Year Weekly National Bankruptcy Filings (Through Week 44)
(DBN)

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Mass Torts:

Survivors appear in court as Archdiocese of Baltimore awaits decision on charitable immunity • Survivors speak on sexual abuse within Baltimore Archdiocese during bankruptcy hearing • Survivors call out Archdiocese of Baltimore for continued hypocrisy
(DBN)

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Avoidance Actions:

Rite Aid Files a Thousand Preference Actions
(DBN)

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Aviation:

Kenai Aviation Grounds All Flights After Pandemic Debt Forces Bankruptcy: A Historic Alaskan Carrier in Crisis
(DBN)

A regional airline is reassuring travelers it will not go the way of bankrupt competitor
(DBN)

Turkey: Onur Air has officially gone bankrupt. All financial transactions from the past 5 years are under investigation
(DBN)

FAA reducing air traffic by 10% across 40 ‘high-volume’ markets during government shutdown • Holiday travel mayhem as thousands of flights to be canceled at airports across the country due to shutdown
(DBN)

Kentucky governor says number of dead likely to grow in UPS plane crash • Shock & awe Unbelievable video shows UPS plane roll, explode in fireball feet from stunned truck driver • Left engine of UPS plane caught fire and fell off before deadly crash, officials say • Why UPS was still flying the 34-year-old MD-11 plane that crashed • UPS Plane Crash in Kentucky Adds to Deadly Year of Air Travel
(DBN)

____________

Tech:

Opinions split over AI bubble after billions invested
(DBN)

Five debt hotspots in the AI data centre boom
(DBN)

The maker of the Roomba is running out of cash and options. After its failed Amazon deal, iRobot could face bankruptcy.
(DBN)

The Age of Anti-Social Media Is Here
(DBN)

Nvidia CEO says China on track "to win the AI race" • Nvidia’s Jensen Huang softens his ‘China will win the AI race’ remark
(DBN)

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Food/Beverage:

McDonald’s and Cava’s earnings share one thing in common: The K-shaped economy has a vice grip on the lunchtime crowd
(DBN)

Cava’s traffic growth stalls as fast casual market cools
(DBN)

McDonald’s US Growth Beats as Value Draws Strapped Diners
(DBN)

Wingstop’s comparable sales slump worsens
(DBN)

Fast growing coffee, cafe chain files for Chapter 11 bankruptcy
(DBN)

Popular fast-food chain franchisee files Chapter 11 bankruptcy
(DBN)

Pinstripes sells to Florida lender
(DBN)

Prepared pasta sold at major grocers tied to 6 deaths
(DBN)

Starbucks union authorizes open-ended strike as busy holiday season begins
(DBN)

Big Food’s Fight Against Kennedy Is Heating Up
(DBN)

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Fintech:

Fintech firm MyBambu shutting down, laying off 141
(DBN)

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Healthcare:

Prospect clashes with Rhode Island regulators over plans to close two hospitals
(DBN)

With Prospect Medical, Rhode Island patients face a hospital crisis years in the making
(DBN)

Jackson Hospital faces tight deadline to secure funding
(DBN)

Senators question Dr. Oz on error-riddled Medicare Advantage provider directory
(DBN)

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Trucking:

Trucking bankruptcies plague California
(DBN)

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Hotels:

Travel industry calls for end to shutdown as Thanksgiving ‘chaos’ looms
(DBN)

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Fraud:

‘Dirty little secret:’ many anti-fraud apps fall short, SentiLink CEO says
(DBN)

Brad Heppner, founder of Dallas-based Beneficient, arrested on fraud charges
(DBN)

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UK:

British homeowners face bankruptcy to strip unsafe building panels
(DBN)

Revised Practice Statement for Schemes of Arrangement and Restructuring Plans
(DBN)

Why calls for Birmingham Council inquiry are intensifying amid 'bankruptcy questions'
(DBN)


Top lawyer ousted amid allegations of misconduct and lavish spending
(DBN)

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Canada:

Carney's first budget falls short on vow to transform Canadian economy
(DBN)

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China:

New World Tells Creditors Not Much Room to Sweeten Debt Swap
(DBN)

Country Garden’s Creditors Approve Chinese Property Developer’s Offshore Debt Restructuring
(DBN)

The strange paradox of Chinese economic decline
(DBN)

____________

MENA:

Israel returns bodies of 15 Palestinians to Gaza as exchanges outlined in fragile ceasefire proceed
(DBN)

Israel extends arrest of military's former top legal officer, source says
(DBN)

The Desperate Search for Gaza Peacekeepers
(DBN)

___________

Slovakia:

Is the country's insolvency framework prepared for economic frostbite?
(DBN)

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France:

France: Driver Shouts ‘Allahu Akbar’ After Plowing Into Pedestrians
(DBN)

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Ireland:

The many reinventions of Ivan Yates: From politician to radio star to the poster boy for bankruptcy tourism
(DBN)

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India:

IBBI sets rules to break gridlock between insolvency, money-laundering laws
(DBN)

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Russia:

Putin tells officials to submit plans for possibly resuming nuclear tests after Trump’s remarks
(DBN)

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Venezuela:

Venezuela’s Maduro, fearing US attack, promotes app to report suspect behavior • America's military might bears down on Venezuela
(DBN)

Trump's Military Use in Other Countries Tests His MAGA Base
(DBN)

____________

Mexico:

Mexico arrests man for groping President Claudia Sheinbaum
(DBN)

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