November 7, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

4 days per week in the office gains steam as 3 more BigLaw firms announce stricter policies
(DBN)

Partners Want Associates In The Office — But Not Themselves
(DBN)

Simpson Thacher Lands Commerce Department Work After Trump Deal
(DBN)

The 15 Most Expensive Law Schools (2024-2025)
(DBN)

About 1 in 5 law students have a disability, new survey finds
(DBN)

In-House Attorney Blames Firing On DEI, Jury Disagrees
(DBN)

Cadwalader Talks Merger With Alston & Bird, Hires Davis Polk
(DBN)

When The Bottom Drops Out: What To Do When Your Practice Dries Up
(DBN)

HSF Kramer appoints inaugural Chief AI officer
(DBN)

Lawyers May Hate Math, but They Must Develop Financial Know-How
(DBN)

Goldstein Tax Case Judge Hints at Tossing Sham Employee Claims
(DBN)

Florida Court Suspends Klayman, Complicating Loomer HBO Suit
(DBN)

About 40 court-appointed defense lawyers in 1 state refuse new cases; shutdown also affects local DC courts
(DBN)

Simpson Thacher Becomes Latest Surrender Firm To Join Up With Trump’s International House Of Tariffs
(DBN)

Cozen O’Connor adds 50-plus lawyers through merger in market that is ‘a bit of the best kept secret’
(DBN)

Settlement Reached in Tom Girardi Bankruptcy Saga: Legal Fees Dispute Resolved with Brother
(DBN)

Trump gets new review of New York criminal hush money case
(DBN)

Border patrol agent who shot Chicago woman boasted about it in text messagesJudge will order federal agents in Chicago to restrict using force against protesters and mediaCourts order ICE not to deport man who spent 43 years in prison before murder case overturnedVoters signed up to deport criminals, not grandmasICE indefinitely holds man facing no charges in high-stakes asylum case'Obviously unconstitutional': Judge slams ICE for 'disgusting' detention center conditionsHow the Laken Riley Act is working against ICE to free some noncitizens
(DBN)

Jury acquits D.C. 'sandwich guy' charged with chucking a sub at a federal agent
(DBN)

Comey Prosecution Gets The Benchslap Treatment, Because Of Course
(DBN)

Justice Dept. Is Said to Be Investigating D.C. Mayor Over Foreign Trip
(DBN)

Trump 'will never' win lawsuit over Epstein letter thanks to Congress, WSJ tells judge
(DBN)

DOJ actively preparing to issue grand jury subpoenas relating to John Brennan investigation: sources
(DBN)

Virginia teacher wins $10 million in lawsuit over being shot by 6-year-old in school
(DBN)

Arizona dad who left his 2-year-old to die in hot car takes his own life on day of sentencing, official says
(DBN)

House cleaner fatally shot in Indiana after showing up at the wrong address
(DBN)

18-year-old fired gun into the air at Halloween party before he fatally shot 2 teens: DA
(DBN)

Woman finds out in court that her 7-year-old son died in the crash she allegedly caused
(DBN)

Man stabbed girlfriend 217 times after she said she was 'done' with him
(DBN)

Dad who killed mom in front of kids before 'calmly' driving them to school is sentenced
(DBN)

Woman receives fate after she gunned down her ex-boyfriend for vandalizing her car
(DBN)

Man convinced then-girlfriend to 'finish' ex-lover after she cheated: Police
(DBN)

Is Kim Kardashian’s legal drama All’s Fair really the worst TV show of all time?
(DBN)

Ex-NFL star Antonio Brown extradited to US for attempted murder chargeAntonio Brown net worth 2025: Inside the ex-Bucs receiver’s earnings, endorsements, and shocking financial decline
(DBN)

9-year-old blames car trouble for no-showing to court after allegedly scalping 5-year-old
(DBN)

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Judges:

Volusion Executives Charge Jackson Walker with Legal Malpractice Over Judicial Conflict
(DBN)

The Shortest SCOTUS Oral Argument In The Modern Era?
(DBN)

The Three Months That Could Make Trump King
(DBN)

Supreme Court's 'major questions' doctrine looms over fate of Trump's tariffsTrump Solicitor General Struggles With Trump Justices on TariffsSupreme Court justices weigh refund process for Trump tariffsOdds of Trump Winning Key SCOTUS Case Tank After Terrible StartA Fresh Way for the Supreme Court to Split
(DBN)

Supreme Court allows Trump to enforce passport restrictions targeting transgender people
(DBN)

‘Shocks the conscience’: Judge slams immigration officers’ use of force in Chicago, reports say
(DBN)

Immigrant allegedly helped by Wisconsin judge to evade federal agents is sentenced to time served
(DBN)

Appeals court lets Texas enforce drag show ban
(DBN)

Judge rules Trump administration can't tie transportation grants to immigration enforcement
(DBN)

Chicago judge says Border Patrol official lied about threats before restricting agents’ use force
(DBN)

Judge Calls Trump’s Border Commander A Lying Liar
(DBN)

Judge calls portrait of ex-colleague ‘celebration of corruption,’ orders disciplinary press release displayed beneath
(DBN)

Six significant cases the justices are deciding whether to hear
(DBN)

Eric Holder advocates for Supreme Court reform
(DBN)

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Wall Street:

Stock futures fall Friday with tech shares weak again, Nasdaq headed for big weekly loss
(DBN)

Goldman promotes 638 to managing directors, highest since 2021
(DBN)

Wall Street Rattled by Job Woes as AI Winners Sink
(DBN)

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Layoffs:

US Companies Announce Most October Job Cuts in Over 20 Years
(DBN)

American Airlines Announces Management Cuts In Fort Worth
(DBN)

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Healthcare:

CT hospital owner's bankruptcy fees top $77M as RI facilities teeter
(DBN)

2 options for Alabama hospital: Come up with funds or close
(DBN)

Jackson Hospital faces ultimatum from judge as questions linger about funding
(DBN)

Every state has applied for $50B Trump administration rural health fund
(DBN)

Nurse Convicted of Murdering 10 Patients So He Could Do Less Work
(DBN)

Their daughter needed reconstructive surgery. They got an insurance fight.
(DBN)

____________

Tech:

Don’t blame AI for your job woes
(DBN)

OpenAI will top $20 billion in annualized revenue this year, Altman saysHundreds of billions by 2030
(DBN)

DoubleLine’s Cohen Sounds the Alarm on AI-Debt Funding Frenzy
(DBN)

AI valuation fears grip global investors as tech bubble concerns grow
(DBN)

Michael Burry Bet Against Nvidia and Palantir—Is it Time to Get Out?
(DBN)

Hundreds of thousands of tech workers are in trouble, new report shows
(DBN)

Social Media Giants Must Stand Trial on Addiction Claims
(DBN)

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Retailing:

Data shows that America’s oldest brick-and-mortar department store chain is at risk of filing bankruptcy, which the company denies.
(DBN)

Longtime East Texas Lighting Retailer Faces Chapter 11 Bankruptcy After More Than Two Decades in Business
(DBN)

National Retail Federation : holiday sales to increase 3.7% to 4.2% despite concerns over inflation
(DBN)

Retailers’ holiday hiring to hit lowest level since Great Recession, says major industry trade group
(DBN)

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Pharma:

Trump administration announces discount prices GLP-1 weight-loss drugsTrump announces deal to lower weight loss drug prices in some cases
(DBN)

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Utilities:

Why U.S. Energy Bills Are Set To Keep Rising
(DBN)

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Economy:

Fed's Goolsbee: lack of inflation data argues for going slow
(DBN)

Fed’s Hammack Says Inflation a Bigger Concern Than Labor Market
(DBN)

Fed's Williams: Fed may soon need to expand balance sheet for liquidity needs
(DBN)

Trump, in shift, acknowledges Americans are paying "something" for tariffs
(DBN)

‘Jenga Tower’ US Economy Teeters as Middle Class Pulls Back Spending
(DBN)

Household debt hits record $18.6T as delinquencies remain elevatedCalifornia ranks second place when it comes to average household debt
(DBN)

Delinquencies Mount As The American Consumer Runs Out Of Money
(DBN)

Why Thanksgiving turkey prices might give shoppers a shock this season
(DBN)

Ray Dalio is back with a fresh warning, and it's about the Fed's new policy
(DBN)

Treasury would sort out any refunds if top court nixes Trump's tariffs
(DBN)

Trump's bright view of the economy doesn't match what voters are seeingTrump is repeating one of Biden’s biggest mistakes on the economy
(DBN)

Why statistics aren’t reflecting the economy and American life
(DBN)

Wall Street can’t decide whether the job market is showing a ‘rebound’ or declining to ‘stall speed’
(DBN)

Dimon sees ‘weakening’ in job market: ‘No question’
(DBN)

Private reports suggest US labor market weakened in October
(DBN)

For Gen Z, it’s ‘not enough to work hard’ if you want to succeed, says Jamie Dimon—specific skills are the way to get ahead
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US regional banks weather CRE storm, office loans continue to lag
(DBN)

A growing foreclosure crisis? Not according to the latest Fed data
(DBN)

Average US long-term mortgage rate ticks up to 6.22% after four straight weekly declines
(DBN)

Cotality: House Price Growth Slowed to 1.2% YoY in September
(DBN)

Homebuilders bet on 1% mortgage rates to wake up U.S. buyers
(DBN)

CMBS Delinquencies Resume Upward Climb in October
(DBN)

1st Look at Local Housing Markets in October
(DBN)

Single-Family Rental Investors Are a Growing Enforcement Target
(DBN)

More bad news for home buyers: Real-estate investors are seizing an opening and ramping up purchases
(DBN)

Home Remodeler Minnesota Rusco files for bankruptcy with at least $100M in debtMN Rusco bankruptcy leaves homeowners on the hookWhat Minnesota Rusco's bankruptcy filing reveals around its sudden closureNewpro closure leaves Boston widow with $39K bill for windows that weren't installed
(DBN)

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Municipalities:

Washington County is scrambling to save itself from financial ruin after voters reject bondWashington County voters strike down $11 million bond aimed at easing debt
(DBN)

Sacramento City Unified School District faces fiscal insolvency, again
(DBN)

S&P revises Chicago's outlook to negative
(DBN)

New Orleans compromise may ease city away from fiscal brink
(DBN)

American Suburbs Have a Financial Secret
(DBN)

____________

Oil/Gas:

$60 Oil Undercuts Trump’s ‘Drill, Baby, Drill’ Agenda
(DBN)

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Politics:

Trump approval drops as Dems show more motivation for midterms: Poll
(DBN)

Couric on Trump autopen display: ‘I’ve kind of gone beyond trying to be impartial’
(DBN)

Nancy Pelosi, first female speaker of the House, won't seek re-election to Congress
(DBN)

State Of The ‘Union’: Nearly Two-Thirds Of Young Americans Have Considered Moving Abroad
(DBN)

Trump pardons former Tennessee House speaker, top aide awaiting prison
(DBN)

Trump to NYC: You have ‘ZERO chance of success’
(DBN)

Can Mamdani Pull Off a Child-Care Miracle?Mamdani Has Named An All-Woman Transition TeamFrom Jamie Dimon to Bill Ackman, Wall Street’s billionaires are now changing their tune and offering to help Zohran MamdaniAs Mamdani Surges Ahead, Schumer Risks Finding Himself Left BehindZohran Mamdani and the Revenge of the Struggling Yuppie
(DBN)

Dimon on JPMorgan Chase not donating to White House ballroom: ‘We have an issue’
(DBN)

Rich Donors Bankroll Redistricting Fights Ahead of 2026 Elections
(DBN)

How Gavin Newsom Struck the Year’s Heaviest Blow Against Trump
(DBN)

Mississippi Democrats appear to break Republican supermajority in state Senate
(DBN)

Democrats to meet to discuss deal to reopen government Senate to vote Friday on pathway to end shutdownDeal to reopen government falters over Democrats’ distrust of TrumpDemocrats’ confidence in shutdown strategy soars after election sweepJohnson refuses to promise House vote on extending ObamaCare subsidiesGOP support for eliminating filibuster picks up steam after Trump pressureIt’s Clear Who Is Responsible for the Shutdown Online: The Other SideSenators push toward deal to end shutdown as final sticking points remainUS Shutdown Dealmaking Hits New Roadblocks as Tensions FlareTrump and Democrats are far apart on solving the shutdown. Here's what could finally end itGovernment says SNAP benefit cuts won’t be as deep as announced for some familiesFederal judge orders Trump admin to provide full SNAP paymentsVance calls court order to fully fund SNAP ‘absurd ruling’
(DBN)

Greene: Economy was ‘significant factor’ in Tuesday electionsCruz: Tuesday elections ‘disaster’ for Republicans
(DBN)

Tucker Carlson becomes litmus test in conservative civil warHeritage staff in open revolt over leader’s defense of Tucker Carlson
(DBN)

Donald Trump enters his lame duck eraIs this the beginning of the end of the Trump era?Nick Fuentes’s Rise Puts MAGA Movement in a ‘Time of Choosing’
(DBN)

Gerrymandering: ‘None of This Is Good for Republicans’
(DBN)

States say Trump admin adding 'unlawful' new conditions to FEMA funds
(DBN)

____________

Telecom:

Filing Alert: FTE Networks Chapter 11
(DBN)

____________

Hotels:

Occupancy Rate Decreased 2.6% Year-over-year
(DBN)

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Defense:

America’s plans for a Golden Dome are dangerously obscure
(DBN)

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Data Centers:

Filing Alert: RELLIS Campus Data and Research Center Chapter 11
(DBN)

____________

Crypto:

Bittrex bankruptcy filings reveal $500m of suspicious transactions
(DBN)

FTX Drama: $2.5B Fee Scandal, $130B Asset Lost. Who’s Responsible?
(DBN)

FTX Estate Plans 2025 Payouts At 2022 Prices, Giving SBF An Opening To Blame Lawyers
(DBN)

____________

Entertainment Venues:

Bankrupt Venue Brooklyn Mirage Seeks New Name and Has Plans For Renovations
(DBN)

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Printing:

Filing Alert: Las Vegas Color Graphics Chapter 11
(DBN)

____________

Watches:

Fossil Group lives to fight another day as creditors agree to $150 million debt restructuring plan
(DBN)

____________

Student Debt:

Who gets student loan relief? Experts say new Trump rule intended to harm his political opponents
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (125 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

October Total Bankruptcy Filings Increase 12% Over 2024
(DBN)

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Mass Torts:

Baltimore Archdiocese Faces Federal Court as Abuse Survivors Contest Charitable Immunity in Bankruptcy Case
(DBN)

New Orleans Archdiocese bankruptcy settlement heads to federal court for approval
(DBN)

Second Harvest will not fund New Orleans Archdiocese bankruptcy settlementAnonymous donor to cover food bank's share of church abuse settlement
(DBN)

Bishop Fisher reflects on Vatican meetings about Buffalo Diocese’s bankruptcy and parish restructuring
(DBN)

85 clergy sexual abuse claims push Alexandria, La. Diocese to file bankruptcy
(DBN)

Bayer Weighs Roundup’s Demise Over Thousands of Cancer Lawsuits
(DBN)

____________

Avoidance Actions:

Fraudulent Transfer: What Does “Reasonably Equivalent Value” Mean? (In re White)
(DBN)

____________

Aviation:

Spirit Airlines Seeks $100M Concessions to Unlock Bankruptcy Funding
(DBN)

US shutdown sends airlines scrambling as travel chaos loomsUS FAA to detail flight cut plan at major airports later on FridayHow each airline is handling the flight cuts, starting Friday: What to knowUS Airlines Cut Flights, More to Come as Shutdown Drags On Travelers brace for turmoil as flight cuts kick in at major U.S. airports US Airport Flight Cuts Set to Kick in Early Friday Morning What to know about 10% reduction in flights at U.S. airports caused by the government shutdownThese are the airports that will reduce flights during the government shutdownFAA to slash flights at major airports as travelers brace for mass disruptionsHere's how many flights at major U.S. airports are on the chopping block with looming FAA cuts due to shutdownUS-ordered flight cuts cause turmoil for airlines, passengers
(DBN)

See how often flights have been delayed at major airports during the government shutdownTracking US flight delays and cancellations in charts
(DBN)

Madagascar Airlines: Can a Phoenix Truly Rise From $100 Million in Debt?
(DBN)

Passenger Jets Come Within Seconds of Scary Mid-Air Crash
(DBN)

US judge approves DOJ decision to drop Boeing criminal case
(DBN)

____________

Fraud:

Meta is earning a fortune on a deluge of fraudulent ads, internal documents showMeta reportedly projected 10% of 2024 sales came from scam, fraud ads
(DBN)

GWG mess gets worse, chairman charged with $150M fraud
(DBN)

Treasury Opens Fraud Probe on $9 Billion in Small Business Aid
(DBN)

He Allegedly Stole Billions From Scam Victims. His Own Family Office Chief Stole From Him
(DBN)

____________

Climate:

World Leaders Warned of ‘Moral Failure’ on Climate Ahead of COP30
(DBN)

Lula warns world leaders of 'extremist forces' lying about climate
(DBN)

Progress but uneven: Energy transition reality check
(DBN)

____________

Solar:

Pine Gate Renewables files for Chapter 11 bankruptcy, plans to sell assetsFiling Alert: Pine Gate Renewables Chapter 11
(DBN)

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Food/Beverage:

For chain restaurants, a tough economy is creating new winners and losers
(DBN)

Popular steakhouse chain closing dozens of restaurants
(DBN)

Cracker Barrel Stock Craters as Logo Fiasco Puts CEO Under Fire
(DBN)

Papa John's sales suffer as customers downsize to medium pizzas with fewer toppings
(DBN)

St. Pete’s The Blend files for bankruptcy
(DBN)

McDonald’s U.S. boss puts focus on ‘value and affordability’ as consumer spending splits
(DBN)

____________

Corporate Governance:

Elon Musk Take Heed: Not All Moonshot Pay Packages Work Out
(DBN)

Musk Wins $1 Trillion Pay Package, Creating Split Screen on Wealth in America
(DBN)

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Autos:

First Brands Races to Secure $600 Million Lifeline and Avoid ‘Game Over’ Liquidation
(DBN)

Overwhelming opposition to First Brands’ DIP financing tests the limits of permissible DIP loan provisions
(DBN)

First Brands, Ad Hoc Group Defend ‘Risky’ DIP, Offer Administrative Carve-Out, ‘Cram-Up’ Plan Option to UCC in Push for Final Approval; Debtors Raise ‘Serious Issues’ With SPV Lender Collateral
(DBN)

First Brands’ messy day in bankruptcy court
(DBN)

UBS Winds Down O’Connor Funds in Sign of First Brands Strain
(DBN)

CarMax's Debacle Is a Clear Sign of Economic Trouble
(DBN)

Elon Musk’s ultimatum to Tesla: Make me a trillionaire or I may leaveExplained: Elon Musk's $1-Trillion Tesla Pay PackageElon Musk expected to prevail in Tesla shareholder vote over CEO’s $1 trillion pay planTesla says shareholders approve Musk’s $1 trillion pay plan with over 75% voting in favor
(DBN)

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Banking:

Wells Fargo’s Latest Discrimination Case Parallels Past Claims
(DBN)

____________

Freight:

Court reinstates Yellow’s $1.5 billion lawsuit accusing Teamsters of driving trucking company into bankruptcy
(DBN)

Filing Alert: Zuum Transportation Chapter 11
(DBN)

____________

UK:

‘Bankrupt’ Birmingham cuts £150m from key services but spends £129m on pensions
(DBN)

Can MVL Liquidators Limit Their Liability?
(DBN)

Ofgem steps in as energy supplier collapses
(DBN)

____________

MENA:

Israeli jets strike southern Lebanon towns, escalating near-daily attacks
(DBN)

US Promotes Gaza Force at UN to Back Trump’s Fragile Truce
(DBN)

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Venezuela:

America on the Brink of War With Venezuela Why Venezuela?Trump admin tells Congress it currently lacks legal justification to strike VenezuelaSenate readies war powers vote to oppose Trump’s Venezuela threatsRepublicans Block Measure to Bar Military Strike on Venezuela
(DBN)

____________

France:

Password for Louvre’s video surveillance system was ‘Louvre’
(DBN)

____________

India:

Big changes likely in Insolvency and Bankruptcy Code?Government To Close Insolvency And Bankruptcy Law Loopholes? New Rules Coming Soon
(DBN)

IBBI Directs Insolvency Professionals To File Applications Before Special Courts Under The Prevention Of Money Laundering Act
(DBN)

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Singapore:

Singapore passes law to allow caning as punishment for scammers
(DBN)

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Ireland:

Bankrupt developer Seán Dunne seeking damages over Nama takeover of assets
(DBN)

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Italy:

Toymaker Wins Court Protection From Ex-Advisor’s Insolvency Bid
(DBN)

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China:

China's exports suffer worst downturn since Feb as tariffs hammer US demand
(DBN)

Country Garden wins creditor backing for debt restructuring
(DBN)

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