October 16, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

What a GC Wants Wants to Hear From His Outside Law Firms on AI
(DBN)

This Law Review Is Older Than Dirt
(DBN)

US Law School Applicants Surge 33%, Intensifying Admission Competition
(DBN)

Ex-Overstock CEO's advocates blame legal predicament on lawyer's cat hair-covered pantsuit
(DBN)

Has AI Managed To Make Lawyers Even Dumber?
(DBN)

Asheville-area bankruptcy attorney charged with murder allowed to leave NC after bailing out of jail
(DBN)

Donna Adelson Sentenced To Life In Prison For Murder Of Her Law Professor Ex-Son-In-Law
(DBN)

Top Biglaw Firm Says Sayonara To Its Tokyo Office
(DBN)

Federal Judge Rejects Motion to Dismiss Tax Charges Against Tom Goldstein, Setting Stage for Legal Challenges
(DBN)

ICE Is Cracking Down on Chicago. Some Chicagoans Are Fighting BackLA County Board approves emergency declaration over immigration raidsEl Paso family claims Border Patrol killed their dog during searchAgents Hunt in WalgreensShocking video shows masked ICE agent tackle 'fleeing' black teen to the ground during Walgreens raid'Proud dad of a US Marine' deported after he visited pregnant daughter at military baseMeta removes ICE-tracking Facebook page in Chicago at the request of the DOJTear gas released on Chicago crowd as Border Patrol describes chase, crash and arrestsDHS warns Mexican drug cartels are offering cash bounties on ICE officersConservatives should oppose Trump on immigrationBorder Patrol posts reel featuring Michael Jackson lyrics with antisemitic slurNonprofit flags medical failures at Orange County ICE facilityCook County Judge Bans Warrantless Civil Arrests at Courthouses Amid Federal Scrutiny
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Hegseth’s legal fixer at the center of Pentagon’s new media restrictions
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Jack Smith blasts 'absolutely ludicrous' Trump criticisms of special counsel's motivations
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TV Legal Analyst Begins Sanewashing Trump Declaring Martial Law
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Former DOJ Officials Warn of Political Purge Under Trump Administration, Sparking Concerns Over Judicial Integrity
(DBN)

GOP Operative/Lawyer Out Of A Job After Offensive And Racist Messages Revealed
(DBN)

Prosecutors Pushed Out After Refusing to Bow to Trump Pressure
(DBN)

How 1 Top Lawyer Would Defend Letitia James
(DBN)

Arrest Made In Drive-By Cheeseburgering
(DBN)

Man 'tired of everyone suffering' tries killing family to 'get 'em up to heaven': Sheriff
(DBN)

Man upset over traffic pulls out gun and drives pickup truck over lawn to get away: Cops
(DBN)

Dad accused of killing daughter, wrapping pride flag around her will plead guilty: Lawyer
(DBN)

'In the throat': Mom allegedly advised stepfather how to beat children
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Police captain allegedly strangled his girlfriend after she went through his phone
(DBN)

Jilted lover sneaks up on ex shopping at Publix and plunges 'folding-blade' knife into her
(DBN)

10-year-old and 9-year-old face attempted murder for 'scalped' attack on 5-year-old: DA
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Judges:

Supreme Court weighs whether to gut key provision of landmark Voting Rights ActSupreme Court Suggests It Could Weaken Voting Rights Act—And Hand GOP The HouseSupreme Court seems inclined to limit race in redistrictingSupreme Court Weighs Ending Race-Based Districts Before ElectionIn Louisiana voting case, US Supreme Court ponders a 'colorblind' Constitution
(DBN)

Trump says he might attend Supreme Court tariff case arguments next month
(DBN)

What are a federal judge’s concerns as the government shutdown continues?
(DBN)

You Can’t Put The First Amendment To Bed
(DBN)

Federal judge extends temporary orders barring Trump administration from deploying National Guard to Portland
(DBN)

Former Justice Anthony Kennedy Voices Concerns Over A More ‘Confrontational’ Supreme Court
(DBN)

Astonished judge tears into DOJ attorney over firing government workers during shutdown
(DBN)

What are the "Essential Functions" of the Supreme Court?
(DBN)

Turns Out, You Shouldn’t Call The Judge A ‘F------ C---’
(DBN)

Judiciary Panel Debates Easing Bar Admissions at Appeals Courts
(DBN)

Judge Bars Warrantless Civil Arrests at Cook County Court
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'Disingenuous': Appeals court rubbishes state attorney general's argument on abortion
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Wall Street:

Stock futures rise as earnings season heats up
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IMF warns of rising odds of a 'disorderly' global market correction
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The world has become dangerously dependent on American stocks, writes the former IMF chief economist
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Layoffs:

Vought says layoffs during shutdown likely to exceed 10,000 people
(DBN)

Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobsNestlé to Slash 16,000 Jobs as New CEO Speeds Up Turnaround
(DBN)

Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people
(DBN)

Book distributor closes Illinois facility and lays off 318 workers
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Healthcare:

Struggling Alabama hospital gets $35 million dollar lifeline to stay open through the holidays
(DBN)

Oncology Bankruptcy Saga Ends in Acquisition by Major Practice Management Company
(DBN)

Blue States Are Setting Up a Shadow Public-Health Alliance to Counter RFK Jr.
(DBN)

Who will get hit hardest by expiring ACA health insurance subsidies?
(DBN)

Hammered ICU nurse tells cops 'I'll let you die' at hospital during DWI stop: Police
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Finance:

Top US financiers sound alarm on lending standards
(DBN)

Private capital titans convene in London
(DBN)

The secretive First Brands founder, his $12bn debt and the future of private credit
(DBN)

Jamie Dimon issues private credit warning: ‘When you see one cockroach, there are probably more’
(DBN)

Banks and Private Credit Clash After Dimon’s Cockroach Barb
(DBN)

RealTruck Seeks to Assure Lenders After Debt Hit by First Brands
(DBN)

First Brands Bankruptcy Shakes Private Credit Confidence
(DBN)

Blue Owl Chief Looks to Bank Loans for Dimon Cockroaches
(DBN)

Funds Chase New Private Credit Money for Emerging-Market Bets
(DBN)

Squeezed at home, US private credit players turn their attention to Europe
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Autos:

BofA's loans to bankrupt First Brands secured; Morgan Stanley has no exposure
(DBN)

How Jefferies Found Itself at the Center of First Brands’ Collapse
(DBN)

Mapping the scale of beleaguered First Brands' debts and its creditors
(DBN)

Fisker Is Bankrupt. What Happens To Fisker Ocean EV Owners Now?
(DBN)

1 in 4 new car trade-ins are now ‘underwater’ — a 4-year high
(DBN)

Can Tesla stay a trillion dollar company on just two models?
(DBN)

The EV hype was real — electric vehicle sales smashed records
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Television:

YouTube Just Ate TV. It’s Only Getting Started
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Agribusiness:

Despite increase in farm bankruptcies nationwide, North Dakota is bucking the trend
(DBN)

Agribusiness CEO Warns of ‘Black Swan Event’ Under Trump
(DBN)

US Taxpayers Bail Out Argentina’s Bank As Trump’s Tariffs Help It Steal American Farmers’ Largest Market
(DBN)

National Farmers Union Appeals to Trump Administration
(DBN)

Rep. Crawford proposes farm relief bill; can it save Arkansas farmers?
(DBN)

"Clever and generous" farm bailout coming, Hassett says
(DBN)

Minnesota farmers are on brink of disaster as China hits back with US soybean boycott — can South America really ‘feed all their needs’ forever?
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Pharma:

Abbott Cuts Top End of 2025 Guidance as Tariff Threat Looms
(DBN)

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Retailing:

US retail sales excluding autos likely increased again in September, Chicago Fed says
(DBN)

Walmart US CEO Says Shoppers Are Still Spending at Healthy Rate
(DBN)

CVS takes over Rite Aid assets in bankruptcy deal
(DBN)

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Education:

New Oklahoma schools superintendent rescinds mandate for Bible instruction in schools
(DBN)

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Economy:

Grocery Prices Keep Rising. Frustrated Consumers Are Trying to Adapt.
(DBN)

Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book shows
(DBN)

Top Walmart exec says American manufacturing comeback is real and good for business
(DBN)

Why Jamie Dimon is warning of ‘cockroaches’ in the US economy
(DBN)

Private Inflation Data Shows Some Goods Are Getting More Expensive Due to Tariffs
(DBN)

Bessent will present 3 or 4 Fed chief candidates to Trump after Thanksgiving
(DBN)

US deficit-to-GDP ratio has room to come down, Bessent says
(DBN)

NY Factory Activity Unexpectedly Expands as Orders Pick Up
(DBN)

Fed rate cut optimism, safe-haven demand fuel gold's rally beyond $4,200
(DBN)

China trade standoff deepens as Bessent says U.S. will 'neither be commanded nor controlled'Bessent says China "can't be trusted" Bessent Calls China Trade Negotiator ‘Unhinged’ Wolf Warrior China says it didn’t reignite trade tensions with the US, Trump didDonald Trump and Xi Jinping: both weaker than they thinkChina Got Trump’s Attention but Renewed a Risky Game of ChickenXi’s Rare Earth ‘Bazooka’ Sparks Global Alarm, Race for Supplies USTR says China 'deferred' when US reached out for phone call after export controls expansionUS-China déjà vu all over again 'Expect support from India': US Treasury Secretary warns China on rare earth curbsU.S. to Take Control of More Companies to Counter ChinaChina is going after American firms to hit back at Donald TrumpTrump Feuds Over Cooking Oil Even After Chinese Exports SankTrump Threatens Retaliation for China’s Soy BoycottApple’s Cook Vows to Boost Chinese Investment During VisitGlobal CEOs to Meet Chinese Trade Negotiator as Tensions Linger
(DBN)

Trump’s Trade War Unites Lula and Modi in a Hunt for New Markets Spain Seeks to Downplay Trump’s ‘Trade Punishment’ ThreatSouth Korea, US make 'meaningful progress' in tariff talks, senior Seoul official saysBessent says US close to finalizing trade deal with South KoreaTrump says Modi assured him India will stop Russian oil purchases, but timeline unclearIndia Refiners to Cut Russia Oil, Await Guidance About Trump
(DBN)

The IMF tells the US to reduce its budget deficit and deal with the ‘ever-increasing’ debt burden
(DBN)

IMF sounds alarm about high global public debt, urges countries to build buffers
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Florida housing market flashing warning for rest of USA
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Trump’s new tariffs on lumber, furniture and cabinets just went into effect — will they slow down an already sluggish US housing market?
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Cities With The Most Mortgage Delinquencies
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Municipalities:

Municipal Bankruptcy: Avoiding and Using Chapter 9 in Times of Fiscal Stress
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Oil/Gas:

Oil Chiefs See $60 Oil as Breaking Point for Shale Growth
(DBN)

Oil Slips to Five-Month Low
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Tech:

Investors on guard for risks that could derail the AI gravy train
(DBN)

Villainous hackers jam busy US road with 50 self-driving cabs
(DBN)

‘Of course it’s a bubble’: AI start-up valuations soar in investor frenzy
(DBN)

Largest labor federation warns of worker displacement, launches AI guidelines
(DBN)

OpenAI accused of using legal tactics to silence nonprofits
(DBN)

From OpenAI to Meta, firms channel billions into AI infrastructure as demand booms
(DBN)

Sam Altman says OpenAI isn’t ‘moral police of the world’ after erotica ChatGPT post blows up
(DBN)

Top US Army General Says He’s Letting ChatGPT Make Military Decisions
(DBN)

Americans lead the world in AI anxiety
(DBN)

TSMC profit surges 39% to beat estimates and hit yet another record on AI chip demand
(DBN)

Potentially ‘Catastrophic’ Cyber Firm Breach Blamed on China
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Politics:

Mayor faces scrutiny after 5th bankruptcy filing, as mayoral election approaches
(DBN)

White House budget director plans to shut down US consumer finance watchdog within months
(DBN)

Senate spurns bill to reopen government for ninth time as impasse deepens Reintroduced Bill Would Shield Federal Employees From Shutdown-Related Foreclosures And EvictionsGOP sets the stage for extended shutdownTrump Leverages US Shutdown to Make Unilateral Spending MovesAn Obamacare Deal Could End the Shutdown. It Won’t Be EasyGovernment Shutdown Day 15: Could Cost Government $15 Billion A Day, Bessent SaysMurkowski signs letter with Democrats demanding backpay for furloughed workersFederal judge temporarily blocks Trump shutdown layoffsGOP, Thune surprise Democrats, daring them to block defense spending bill during shutdownNo one's policing Yellowstone bear jams during the shutdown
(DBN)

MAGA Senator Left Speechless After Hearing Trump Cabinet Member’s Words
(DBN)

Jeffries accepts challenge, says he wants to debate Speaker Johnson on C-SPAN
(DBN)

Furious MAGA Customers Say They Got ‘Scammed’ by Trump Watches
(DBN)

JD Vance’s Defense of Racist Republican Chat Exposes Moral Rot of the MAGA Right‘It’s revolting’: More Young Republican chat members out of jobs as condemnation intensifiesCarville rips Vance for response to Young Republican group chatWho are the Young Republicans in explosive group chat?
(DBN)

Trump Considers Overhaul of Refugee System That Would Favor White People
(DBN)

Capitol Police called to investigate swastika in GOP congressional office
(DBN)

Virginia Roberts Giuffre, In Her Own Words: How 16-Year-Old's Life Unraveled at Mar-a-Lago
(DBN)

Members of Congress growing concerned over lack of information from administration about Venezuela strikes, sources say
(DBN)

Newsom Reignites His Theory That Trump, 79, Has Dementia
(DBN)

'The cavalry is coming': Indivisible predicts massive 'No Kings' turnoutGOP's latest government shutdown scapegoat: No Kings protests‘No Kings’ protest organizer: ‘Anger level is way higher’ than in June
(DBN)

Major airports refuse to play Kristi Noem's video blaming Democrats for the shutdownTop 10 Busiest U.S. Airports All Reject Kristi Noem’s Video Blaming Democrats For Shutdown
(DBN)

Journalists turn in access badges, exit Pentagon rather than agree to new reporting rules
(DBN)

Gen Z protesters united by an anime pirate flag are challenging governments around the worldLeader of Madagascar's military rebellion says he is 'taking the position of president’
(DBN)

How the battle over leaf blowers became a front in US culture wars
(DBN)

U.S. falls out of top 10 on list of the world’s most powerful passports
(DBN)

Pritzker finds his place at the ramparts of the Trump resistance
(DBN)

Poll: More American Jews shield identity in public
(DBN)

MAGA escalates war on "The View" as host fails to honor Trump hat promise
(DBN)

Dimon Says ‘So Be It,’ Would Help Mamdani If He Wins NY Race
(DBN)

California Redistricting Fight Would Merge Counties Worlds Apart
(DBN)

Candace Owens Loses Legal Fight to Enter Foreign Country Over Her ‘Extremist’ Views
(DBN)

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Banking:

Credit Suisse AT1 Bondholders Angle for Lehman-Style Payouts
(DBN)

America’s bankers are riding high. Why are they so worried?
(DBN)

Banks caution over bubble as they report bumper profits
(DBN)

New bank with tech and Trump ties clears key regulatory hurdle
(DBN)

Bank of America, BNY sued over alleged ties to Jeffrey Epstein
(DBN)

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Fraud:

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme
(DBN)

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Corporate Governance:

Musk’s legal fight over $56 billion payday from Tesla enters final stage
(DBN)

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Student Debt:

Trump administration sends student loan forgiveness notices — here’s who qualifies
(DBN)

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Comic Books:

Comics Publisher Humanoids Files For Chapter 7 Bankruptcy
(DBN)

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Packaging:

Kloeckner Pentaplast potential Chapter 11 could unpack tensions, opportunities for lenders looking to take control
(DBN)

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Lehman:

Lehman Brothers Europe Closes 17-Year Chapter as Court Ends Historic Administration
(DBN)

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Utilities:

Where'd Griddy's money go? Texans who paid high energy bills may not see refunds
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

JP Morgan’s Jamie Dimon warns more big bankruptcies could be on the way
(DBN)

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Mass Torts:

New Hampshire court rules in clergy abuse case that 2020 law cannot be applied retroactively
(DBN)

Decisions from Rome favor parishes in abuse settlement dispute with Buffalo Diocese
(DBN)

Shutdown causes further delays in Baltimore Archdiocese bankruptcy case
(DBN)

Missouri Appeals Court Ruling Revives Child Abuse Lawsuit Against St. Louis Catholic Church, Clarifying Legal Standing on Repressed Memories and Bankruptcy
(DBN)

Boy Scouts Sexual Abuse Claimants Seek Court Approval to End Ties with Slater Law Firm Amid Misconduct Allegations
(DBN)

J&J faces first UK lawsuits alleging its baby powder caused cancer
(DBN)

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Bar Orders:

Post-Purdue Clarity: Narrow Readings of Settlement Bar Orders Under Section 105(a)
(DBN)

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Intercreditor:

District Court in Houston Further Clarifies “Equal Treatment” Rule, Supporting “Minority” Creditors in ConvergeOne Bankruptcy
(DBN)

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Miscellaneous:

"When you see one cockroach, there's probably more"
(DBN)

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Trustees:

Liquidating Trustees’ Disclosure Reforms Need More Transparency
(DBN)

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Mediation:

If mediating for unrepresented parties, lawyer must explain role clearly, new ABA ethics opinion says
(DBN)

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Aviation:

Failed German electric plane maker Lilium sells patents to US rival
(DBN)

United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short
(DBN)

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Food/Beverage:

National restaurant chain rescued from bankruptcy
(DBN)

Brio and Bravo! Receive Strategic Investment after Recent Bankruptcy
(DBN)

Are weight loss drugs killing off the business lunch?
(DBN)

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Movies:

Los Angeles Film Production Levels Hit New Lows
(DBN)

Hollywood turns to K Street as AI threatens their livelihoods
(DBN)

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Climate:

Judge dismisses young climate activists’ lawsuit challenging Trump on fossil fuels
(DBN)

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Theme Parks:

$7.1 million bid beats out local developer’s offer for Marineland Dolphin Adventure at bankruptcy auction
(DBN)

This popular Miami aquarium has officially closed after 70 years of charm and controversy
(DBN)

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Celebs:

Is Dr Phil's Career Over? MAGA Media Empire Implodes Amid Fraud Lawsuit and Massive Layoffs
(DBN)

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Gambling:

Bally’s Faces Lender Wrath on Debt Plan Involving Chicago Casino
(DBN)

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UK:

Lex Greensill Called Misleading as SoftBank Wins Suit Over Millions in Investor Losses
(DBN)

'£760m' equal pay claim that sunk Birmingham Council was 'false,' critics say
(DBN)

Trump’s Aberdeen Golf Resort Posts 13th Straight Year of Losses
(DBN)

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EU:

Britain and France are heading for bankruptcy
(DBN)

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Canada:

Canadian Jeep Plant at Risk in Stellantis’ $13 Billion US Plan
(DBN)

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MENA:

Israel's rage over mystery body handed over by Hamas that's not a hostageIsrael receives remains of 2 more hostages as military says another body was not that of a hostage Hamas still hasn't returned these hostages' bodies from GazaAid trucks roll into Gaza as dispute over hostage bodies is pausedPalestinians struggle as they have 'no food, no housing' in Gaza City
(DBN)

What Gaza has been like since the ceasefire
(DBN)

How Israeli jails became a Palestinian training ground
(DBN)

Trump declares a new ‘dawn’ in Middle East. It could be a false one.
(DBN)

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Russia:

Kremlin rejects Trump's view that the Russian economy could collapse
(DBN)

Crowds in St Petersburg sing about overthrowing Putin
(DBN)

Trump ‘optimistic’ he can broker peace in Ukraine after Middle East success
(DBN)

Pete Hegseth tells NATO that 'firepower' is coming for Ukraine
(DBN)

Hegseth Sees ‘European-Led NATO’ to Deter Russia, Aid Ukraine
(DBN)

Half of NATO Allies to Help Ukraine Buy US Arms, Rutte Says
(DBN)

UK expands Russia sanctions with 90 new listings
(DBN)

Putin could deploy 2 million reservists to meatgrinder war with law change – as Trump mulls sending Tomahawks to Ukraine
(DBN)

Sweden to begin stockpiling food for first time since Cold War
(DBN)

Prepare for Russian kamikaze drones to swarm skies above Britain, gov warned as Iranian weapon is unveiled in Parliament
(DBN)

Ukrainian officials meet with US weapons manufacturers before Trump-Zelenskyy talks
(DBN)

Ukraine Raises Alarm Over Foreign Parts in Russian Drones
(DBN)

Hegseth says US will 'impose costs' on Russia if Ukraine war does not end
(DBN)

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Germany:

Conscription Row Mars Germany's Push To Beef Up Deterrence
(DBN)

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Argentina:

Trump’s gamble on Argentina
(DBN)

US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
(DBN)

Pretty Appalling: Sen. Warren on Argentina Bailout Plan
(DBN)

Argentina Peso Slides, Rates Soar as US Ties Support to Election
(DBN)

Trump Says He’d Be ‘Very Upset’ by Chinese Military in Argentina
(DBN)

'Made in Argentina' factories shutter, creating more challenges for Milei
(DBN)

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Switzerland:

Swiss Inheritance Tax on Super Rich Lacks Support, Poll Shows
(DBN)

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India:

Code of misconduct: India bankruptcy’s laws are hobbling the country
(DBN)

Speculative Investors Can't Be Permitted To Misuse Insolvency & Bankruptcy Code Proceedings: Supreme Court
(DBN)

India's trade deficit widens to 13-month high on gold imports, US tariff impact
(DBN)

Meet the AI chatbots replacing India’s call-center workers
(DBN)

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Austria:

Austrian court finds former property tycoon Benko guilty of fraudAustrian court sentences ex-billionaire Benko to two years in prison
(DBN)

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France:

After winning pensions concession, France's Socialists eye billionaire tax in budget
(DBN)

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Venezuela:

Trump Administration Authorizes Covert C.I.A. Action in VenezuelaTrump says he's considering strikes on land to combat Venezuelan drug cartels Doesn’t rule out feared US spies assassinating tyrant Maduro
(DBN)

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China:

U.S. set to block one of Hong Kong’s largest telco companies from networks, citing China risk
(DBN)

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