October 29, 2025

The Daily Bankruptcy News

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Law:

Richest Law Firms Race to Stockpile Litigators as Demand Surges
(DBN)

Lawyers learn humility amid the private equity slump
(DBN)

Firms That Did Trump Deals Forgot They Were Law Firms, Says Prof
(DBN)

Bankruptcy Judge’s Ruling on Gordon Rees AI Sanctions Case Could Reshape Legal Industry’s Use of Automation
(DBN)

Georgia Judge Sanctions Lawyer for AI Misuse in Katt Williams Case, Raising Questions on AI Reliability in Law
(DBN)

Kirkland & Ellis Enhances Lawyer Communication Skills Amid Investor Concerns
(DBN)

Trustees Pursue $3.1 Million Recovery Amidst Girardi Keese Bankruptcy and Financial Misconduct Allegations
(DBN)

Citi probe did not interview women who complained about executive’s conduct
(DBN)

Bar Regulators Impose Discipline on Ex-U.S. Attorney Rachael Rollins Amidst Ethical Breaches in Massachusetts
(DBN)

Trump Enlists an Army of Local Cops to Deport MillionsNoem's Boyfriend Fires Rivals in MAGA Night of Long KnivesTrump administration to reassign ICE officials in bid to intensify deportation campaignMan deported to Laos despite court order blocking his removal, attorneys sayBorder Patrol chief leading Trump immigration crackdown in Chicago ordered to report daily to federal judgeHiring 10,000 ICE agents is easier said than doneICE operation leads to tense Pasadena neighborhood standoff
(DBN)

2 Illinois National Guard members speak out: "I won't turn against my neighbors"
(DBN)

Biden-era FBI may have investigated over 160 Republicans as part of ‘Arctic Frost’ probe, documents show
(DBN)

Legal Community Rallies Against Comey Prosecution, Citing Retaliation Concerns
(DBN)

Trump formally appeals 'politically charged' hush money convictionIn urgent appeal, Trump rips hush-money judge — again — to erase felonies from record
(DBN)

Federal judge rules top federal prosecutor in Los Angeles is serving unlawfully
(DBN)

Trump admin issues mea culpa about 'factual discrepancy' in Oregon National Guard caseAppeals court will reconsider whether Trump can send troops to PortlandFederal trial to start over Trump’s efforts to deploy the National Guard in Portland, Oregon
(DBN)

House Oversight Republicans urge DOJ to probe Biden's 'illegitimate' autopen use
(DBN)

Pam Bondi ‘Reviewing’ Joe Biden’s Pardons
(DBN)

Texas lawsuit against companies behind Tylenol asserts unproven claims of autism risk
(DBN)

Viral video of people in Halloween masks threatening a home was a family prank, police say
(DBN)

Ransomware attacks jumped 28% in September
(DBN)

U.S. strikes 4 more alleged drug boats in the Pacific, killing 14 and leaving 1 survivor
(DBN)

Father Admits to Killing 4 Children Found in Car Trunk, Sheriff Says
(DBN)

Teen barges into Chuck E. Cheese with gun and threatens multiple people: Cops
(DBN)

Nanny killed grandfather of 3-year-old she was watching while mom was out of town: Police
(DBN)

Woman who stabbed dad over 'clogged toilet,' smoked cigarette as cops arrived, learns fate
(DBN)

Former firefighter shot wife after she met with lawyer about divorce: Police
(DBN)

Woman murdered longtime police chief boyfriend with a 'copious amount' of eye drops
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Judges:

Proposed Settlement Between Jackson Walker and GWG Holdings Faces Legal Scrutiny Over Alleged Conflicts
(DBN)

Kavanaugh’s Chambers Are a Big Pipeline for Trump Circuit Judges
(DBN)

Federal judge indefinitely blocks Trump shutdown layoffs
(DBN)

Judge influenced DA on how to handle post-conviction relief for murderer: Commission
(DBN)

Trump admin must restore school mental health funding, judge rules
(DBN)

Judge threatens Bondi, Noem with sanctions after 'troubling' words on Abrego Garcia case
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Wall Street:

Wall Street Shrugs Off Credit Worries Even as More Cracks Emerge
(DBN)

The stock market is breaking records. Time for a gut check
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Layoffs:

Amazon to Cut 14,000 Jobs as Jassy Looks to Reduce BureaucracyAmazon just kicked off the new era of giant AI layoffs
(DBN)

How an AI job apocalypse unfolds
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Why companies like Amazon, UPS are getting bolder about layoffs after months of watching and waiting
(DBN)

UPS Jumps After Sweeping Job Cuts
(DBN)

"No hire, no fire" job market may no longer be a thing as big companies announce mass layoffs
(DBN)

Pentagon removes key protections for civilian workers, moves to fire with ‘speed and conviction’
(DBN)

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Nuclear:

Google-NextEra, Santee Cooper announcements signal new life for defunct nuclear projects
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Gambling:

Caesars Entertainment Third-Quarter Loss Widens as Las Vegas Revenue Declines
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Finance:

Cockroaches: Deregulation will pour extra fuel on the private credit bonfire
(DBN)

Credit Cockroaches Are Being Held at Bay — For Now
(DBN)

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Solar:

The global boom in solar — with or without the US
(DBN)

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Newspapers:

'Washington Post' editorials omit a key disclosure: Bezos' financial ties
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Candy:

Candy Warehouse files Chapter 11 bankruptcy; retailer blames falling sales ahead of key Halloween season
(DBN)

Police warn of look-a-like candy infused with THC ahead of Halloween
(DBN)

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Hotels:

US ruling offers clarity on distressed hotel loan management
(DBN)

Lender takes control of historic Hudson Hotel site near Columbus Circle after developer exits
(DBN)

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Weight-Loss:

Weight-loss drugs are spreading across the world
(DBN)

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Candy:

Huge online candy retailer files for bankruptcy just ahead of Halloween and the holiday season
(DBN)

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Accounting:

PwC abandons headcount target as revenue growth slows
(DBN)

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Utilities:

Butte County Board of Supervisors to consider sending letter to PG&E, Bankruptcy Court regarding Camp Fire Victims
(DBN)


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Economy:

Donald Trump floats Treasury secretary Scott Bessent as new Fed chair
(DBN)

U.S. Manufacturing’s Mixed Picture in 4 Charts
(DBN)

Federal Reserve poised to cut key interest rate for the second time this year
(DBN)

Trump wants the Fed to lower rates. The government shutdown could make that less likely
(DBN)

The job market may be at a tipping point
(DBN)

As Trump meets Xi, it’s advantage ChinaTrump expects 'a very good outcome' from Xi meeting What the Trump-Xi meeting can and can’t solveTrump touts South Korea, China deals on last stop of Asia tourSouth Korea welcomes Trump with its highest award, a golden crown and ketchupTrump Says US Is ‘Wedded’ to South Korea, Optimistic on TradeThe Canadians Are Right About Reagan and Free TradeTrump's cash demands continue to bedevil deal with South KoreaDonald Trump says he has ‘pretty much’ reached a trade deal with South KoreaCanada Learns the Limits of DiplomacyCanada Rebuilds Asia Trade Ties to Counter Trump Tariff Pain Trump Says He Threatened 250% Tariffs on ‘Killer’ Modi, PakistanTrump Says He’s Happy With Tariff Truce Extension With Mexico

(DBN)

The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
(DBN)

Residential electricity prices up more than 6% in August: EIA
(DBN)

The Lengths Americans Are Willing to Go to Make Every Penny Count
(DBN)

Senate approves Democratic resolution to block Trump's tariffs on BrazilList of Republicans Who Voted Against Trump’s Emergency Brazil Tariffs
(DBN)

CEOs Are Furious About Employees Texting in Meetings
(DBN)

In Utah, Trump’s Vision for Homelessness Begins to Take Shape
(DBN)

New Mexico’s Free-Child-Care Gamble
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Case-Shiller: National House Price Index Up 1.5% year-over-year in August
(DBN)

ATTOM Q3 2025 Vacant Property Report Top 10 Metros with the Highest Zombie Foreclosure Rates
(DBN)

Distressed Fund Seizes Control of One of America’s Largest Malls
(DBN)

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Municipalities:

The water wars are escalating in the City of Chester’s historic bankruptcy
(DBN)

Illinois doesn't allow municipal bankruptcy — but it should
(DBN)

Oakland’s ‘tortious interference’ bankrupted a coal company. Now the city could owe millions.Judge: Oakland to pay at least $230M after losing latest coal terminal dispute
(DBN)

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Oil/Gas:

Trump Administration Retreats on Push for Atlantic Oil Drilling
(DBN)

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Tech:

Microsoft and OpenAI reach new deal valuing OpenAI at $500 billion
(DBN)

Apple becomes third company in history to crack $4 trillion market value
(DBN)

Musk's Grokipedia Pushes Far-Right Talking Points
(DBN)

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Climate:

Bill Gates Says Climate Change ‘Will Not Lead to Humanity’s Demise’Bill Gates Rejects ‘Doomsday’ View of Climate Change in Memo
(DBN)

Jamaica Catastrophe Bondholders Now Face Full-Trigger EventMelissa is a beast among a string of monster Atlantic storms. Scientists explainHurricane Melissa is one of the strongest storms ever recordedPhotos show Melissa’s impact on the Caribbean
(DBN)

US faces more frequent extreme weather events, but attitudes and actions aren’t keeping up
(DBN)

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Healthcare:

St. Clare's pensioners ask if settlements will also benefit them
(DBN)

US Fires Health Official Who Opposed Widely Used Covid Shots
(DBN)

Millions Could See Medical Debt Added to Credit Reports Under Trump Plan
(DBN)

A Quarter Of Americans Aren't Ready For Surprise Medical Costs, Says Equitable
(DBN)

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Fraud:

Newly appointed trustee in Daryl Heller's bankruptcy case specializes in Ponzi schemes, previously worked on Fyre Festival bankruptcy
(DBN)

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Politics:

In a heated call, Rep. Marjorie Taylor Greene chastises Republicans over their shutdown strategyStates sue Agriculture Department over looming suspension of SNAP food assistanceFood banks are preparing for a surge as federal food aid could be paused in the government shutdownDonald Trump Says SNAP Benefits Will Be Solved For November 10 GOP senators co-sponsor Hawley’s SNAP funding billJohnson: Stand-alone SNAP, federal salary bills a ‘waste of our time’How ‘grocery buddies’ are feeding families at risk of losing SNAP benefits amid the government shutdownGovernment shutdown hits four-week mark as Senate fails to advance GOP funding bill for 13th timeNOAA hurricane hunter crews, researchers flying without payTroops will get their paychecks this week, Vance saysShutdown pain spikes this weekend, upping pressure on Congress to strike dealDemocrats wobble as pressure to end shutdown ramps upTrump shows little incentive to broker end to shutdownGOP struggles to avoid ObamaCare boomerang amid shutdown4 ways federal shutdown pain will spread to millions more AmericansFresh Republican shutdown divisions erupt in private call
(DBN)

Greene says Johnson refused to share health care plans on GOP conference call
(DBN)

Trump’s Net Approval Rating Hits Second- Term Low, Poll Shows
(DBN)

Some evangelicals are "quietly quitting" Trump and MAGA
(DBN)

White House Makes Trump a Full-On Crime Boss in Bizarre Video
(DBN)

How the scope of Trump's White House ballroom plans has expandedNearly two-thirds of Americans disapprove of Trump’s White House ballroom plan: Poll
(DBN)

Donald Trump’s Plan to Subvert the Midterms Is Already Under Way
(DBN)

Art of the Conceal — Speaker Mike Johnson Has Turned Playing Dumb Into a Strategy to Ignore Trump
(DBN)

How Donald Trump Could Serve a Third Term in 2028: Four Possible Options
(DBN)

Inside the Trump family’s global crypto cash machine
(DBN)

Nick Fuentes Says He Was ‘Radicalized on Race’ by Listening To Mark Levin
(DBN)

Pete Hegseth says 14 people were killed in new strikes on alleged drug-carrying boatsTrump counts on public support for drug boat strikes without congressional approvalHow Trump's strikes on "narco-terrorists" have escalated off Venezuela and beyond
(DBN)

MAGA singles are looking for love in Washington. It’s a challenge.
(DBN)

Maine and Texas are the latest fronts in voting battles, with voter ID and citizenship on the ballot
(DBN)

GOP voters in Northern California brace for loss of representation in fight for US House
(DBN)

Trump Media to Enter Booming Prediction Markets Business
(DBN)

Trump fires board that oversees D.C. construction projects, as he plans major changes to White House
(DBN)

Republicans Want Zohran Mamdani to Win: ‘Leftist Agenda in Action’Zohran Mamdani faces criminal referrals to DOJ over alleged illegal campaign donations from foreignersNassau exec pledges to hire more cops, boost ICE deal if Mamdani wins in NYCA political drama for the ages, opening soon in New York City
(DBN)

In Mississippi, Democrats Hope New Maps Lead to Statehouse Wins
(DBN)

Poll: Most Californians say they’ll vote yes on Proposition 50California seems poised to deliver redistricting win for Newsom
(DBN)

White House urged firing live bombs, not dummies, for Trump’s visit to Navy celebration: AP sources
(DBN)

An investigation into FEMA didn’t fit Trump’s narrative. His DHS ordered a new probe that did
(DBN)

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Theater:

Shakespeare & Company pays off remainder of its $4 million debt, back from the brink of insolvency
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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
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Chapter 11 Bankruptcy Case Studies
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DIP Finance:

DIP Rollups: The Final Frontier for Creditor-on-Creditor Violence?
(DBN)

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Mass Torts:

3M, J&J Mass Tort Funder Sues NY Law Firm for Investment Debacle
(DBN)

Opioid Distributors Can’t Shake $2.5 Billion Suit After Ruling
(DBN)

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Aviation:

Flight delays become more common as air traffic controllers go without pay during shutdown‘The problems are mounting daily:’ Air traffic controllers miss first paychecks in government shutdown Airlines are feeding air traffic controllers as they miss their first full paychecks The future of air traffic control grows more uncertain as the federal government shutdown continuesUS flight delays near 7,000 as government shutdown hits Day 27FAA warns of possible ground stop at Houston airports as shutdown drags on
(DBN)

Eastern Airways suspends all operations as airline faces insolvency
(DBN)

Trump Admin Announces New Restrictions on Mexican Airlines Over US
(DBN)

JetBlue Falls As Rising Costs, Hurricane Dim Travel Rebound
(DBN)

Midair Fork Attack Forces International Flight to Divert to Boston
(DBN)

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Sports:

He Was Friends With LeBron James—and Secretly Texting Intel to NBA Gamblers
(DBN)

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Celebs:

Dr. Phil loses a major ruling in bankruptcy case, TV network is ordered into liquidationJudge Rules Against Dr. Phil in Merit Street Bankruptcy, Orders Case to Be Converted to Chapter 7 Liquidation Dr. Phil Mulls Appeal After Losing Bankruptcy Bid Over Christian Network Deal: “Mr. McGraw Believed He Was Calling The Shots,” Judge SaysDr Phil’s Trial: Why He May Go to Prison in Bankruptcy CaseDr. Phil Accused of Multi-Million Dollar Cover-up in Bankruptcy Case Over Failed Media Company... as Judge Rules TV Doc Destroyed Crucial Evidence and Text Messages
(DBN)

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Foode/Beverage:

The Innovation That’s Killing Restaurant Culture
(DBN)

Beloved pizza chain files for bankruptcy after nearly 50 years in business
(DBN)

Historic whiskey brand might file for bankruptcy again
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Entertainment:

Why ‘Yellowstone’ Mastermind Taylor Sheridan Decided to Ditch Paramount
(DBN)

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Autos:

A $150mn banker fee to sell the First Brands carcass?
(DBN)

UBS CEO Ermotti Sees ‘Witch Hunt’ Amid First Brands Fallout
(DBN)

Rivian CFO Says EV Maker Won’t Tap US Government Loan Until 2028
(DBN)

Carvana’s 9,000% Rally Faces Profit Test as Used-Car Woes Mount
(DBN)

Aston Martin Q3 loss widens on weak demand, tariffs, and China slowdown
(DBN)

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Defense:

The U.S. Is on Track to Lose a War With China
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Tech:

Jensen Huang says Nvidia’s AI chips are now manufactured in Arizona
(DBN)

A Sequoia partner warns the AI gold rush is built on shaky, 'experimental' revenue
(DBN)

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens
(DBN)

Nvidia poised to be the first company with a $5T market cap
(DBN)

What Elon Musk’s Version of Wikipedia Thinks About Hitler, Putin, and Apartheid
(DBN)

The company behind the Roomba is on the brink of bankruptcy: Shares crash 30%
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Crypto:

Shot of Crypto
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Agribusiness:

China buys US soybean cargoes ahead of Trump-Xi meet, sources say
(DBN)

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Education:

A.I. Threatens Our Ability to Understand the World
(DBN)

AI Won’t Give American Children the Education They Need
(DBN)

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UK:

UK Administration ends by transition to MVL
(DBN)

MPs Warn Surrey Unitary Council May Face Immediate BankruptcyUnitary council 'could be bankrupt from day one'
(DBN)

Demand for public inquiry into Birmingham bankruptcy as academics claim 'figures don't add up'
(DBN)

Bankrupt Woking to get £500m bailout in Surrey council shake-up
(DBN)

New Fortress Energy Mulls UK Restructuring Instead of Chapter 11
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Ireland:

Seán Dunne persuades US judge to pause distribution of bankruptcy assets
(DBN)

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MENA:

Netanyahu Orders Immediate Powerful Strikes in Gaza After Rafah Attack; Soldier Seriously WoundedDeadliest day in Gaza since ceasefire as Israel launches wave of strikes, accusing Hamas of breaching truceIsrael’s military says ceasefire is back on as death toll from overnight strikes in Gaza reaches 81Trump Defends Israel Strikes on Hamas, Repeats Group Must Disarm
(DBN)

Gaza ceasefire tested as Israel and Hamas exchange fire and blame
(DBN)

IDF drone catches Hamas staging hostage Ofir Tzarfati's 'burial, discovery' in Gaza
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Venezuela:

US sought to lure Nicolás Maduro’s pilot into betraying the Venezuelan leader
(DBN)

Venezuela’s creaking military prepares for US strikes
(DBN)

U.S. military officials required to sign NDAs tied to Latin America mission
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Austria:

Stake in 410-Pound Gold Cube May Be Sold in Austrian Insolvency
(DBN)

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Russia:

NATO official: Alliance in close contact with US on force posture in Europe
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China:

China says it 'absolutely will not' rule out use of force over Taiwan
(DBN)

Trump-Xi meeting is high stakes for Taiwan
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