September 3, 2025

The Daily Bankruptcy News

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Law:

What’s KPMG Up to With Its New Law Firm in Arizona?KPMG Law Eyes National Reach From Arizona in Threat to Rivals
(DBN)

Law School Tuition Bubble Eases Because No One Wants To Go A Half Million In Debt For A LinkedIn Badge
(DBN)

Politics and the job market made law school a hot ticket in 2025
(DBN)

Indiana attorney Zuckerberg sues Meta over accusations he’s impersonating Facebook founder
(DBN)

Dershowitz Learns That Being Wrong On Television Isn’t The Same As Being DefamedA judge said CNN 'simply lied' about Alan Dershowitz's impeachment defense of Trump, and he could use that to challenge landmark SCOTUS precedent
(DBN)

The Pro Mid-Market 50: Ranking The Top Law Firms Just Outside The Am Law 200 (2025)
(DBN)

Abbe Lowell: The veteran defense lawyer squaring off against Trump in Federal Reserve fight
(DBN)

Legal Tech Battles to Set Itself Apart From General AI Models
(DBN)

“Law Schools Embrace AI: Preparing Future Lawyers for a Tech-Driven Legal Landscape”
(DBN)

Biglaw Firm’s Anti-Union Words For ‘Risk Tolerant’ Employers Raises Eye Brows
(DBN)

Kim Kardashian Is Waiting On Her Bar Exam Results
(DBN)

Legal Sector Faces Sustained Pressure Despite Slower Growth in Fee Increases
(DBN)

Jailhouse informants testify they were asked to lie on behalf of Donna Adelson, woman on trial in law prof’s murderInvestigators’ Testimony Challenges Prosecution in Florida Murder-for-Hire Trial
(DBN)

Prosecutors’ Pursuit: A timeline of the Dan Markel murder trials and convictions
(DBN)

Former BigLaw partner pleads no contest to alleged domestic abuse of wife who was later found dead in stairwell
(DBN)

Not So Happy Labor Day: Ex-Disney Top Lawyer Hits House Of Mouse With Discrimination, Retaliation Suit; “Male Counterpart Kept His Job,” Complaint Says
(DBN)

Chicago braces for potential surge in ICE operations, which could begin TuesdayTiny African country detaining five deported US migrants asked Trump team for $500 million: reportPrison chaplain at ICE facility in Pennsylvania accused of sexually abusing immigration detaineeTrump Administration Will Pay Local Law Enforcement to Help ICEGreen Card Applicant After 26-Day ICE Detention—'I Love This Country'Green Card Holder Convicted of Murder DeportedPentagon authorizes up to 600 military lawyers to serve as temporary immigration judgesOfficer who worked at Alligator Alcatraz reveals ‘inhumane’ living conditionsL.A. business owner says his wife, detained by ICE, had green card and passed citizenship examIce obtains access to Israeli-made spyware that can hack phones and encrypted appsICE reactivates contract with previously banned spyware vendorNoem accuses CBS of ‘deceptively’ editing interview about Abrego GarciaDeSantis Teases New Immigration Facility as Alligator Alcatraz Winds Down
(DBN)

Alarm after FBI arrests US army veteran for ‘conspiracy’ over protest against ICE
(DBN)

Former Attorney and Army Officer Plans Legal Action Following Alleged Unlawful Detention by D.C. Guardsmen
(DBN)

NYC shootings, subway crime at record lows; Safest August ever?
(DBN)

Judge Jeanine Extends Losing Streak As Grand Jury Refuses to Indict Woman Accused of Threatening Trump
(DBN)

Pirro doubles down on demand for judge to immediately 'oust' board member once and for all
(DBN)

Grand jury lets Trump assassination suspect walk free as evidence is 'weak': Lawyers
(DBN)

Veteran Who Burned US Flag 'Looking Forward' to Supreme Court Trump Battle
(DBN)

Final preparations for the trial of the man accused of attempting to assassinate Trump in Florida
(DBN)

TikTok influencer and her family found dead, wrapped in plastic inside pickup truck after cartel-style execution
(DBN)

Who Is Leon Gonzalo Jr.? Man Charged With Killing 11-Year-Old Boy in TexasMan charged with murder in door-knock prank shooting of 11-year-old boy
(DBN)

8 killed and 50 wounded in Chicago in dozens of shootings over Labor Day weekendTrump vows to take on crime in Chicago 'fast' after violent Labor Day weekendFull List of Major Cities With Higher Murder Rates Than Chicago
(DBN)

Miami cop arrested after allegedly firing gun during ‘inappropriate messages’ argument with boyfriend
(DBN)

Video shows wedding crasher stealing $100,000 in gifts before fleeing in black Mercedes
(DBN)

Cheerleader admits to giving birth to baby found wrapped in towel inside garbage bag: Cops
(DBN)

Woman tried to take 4-year-old boy at airport while claiming 'this is my child': Cops
(DBN)

Lawmaker who 'tried to gouge' wife's eye out, ran daughter off road, resigns in disgrace
(DBN)

Dentist who killed wife with poisoned smoothies caught by fatal phone clue
(DBN)

Man runs over woman with SUV after she refused to allow him to smell her feet, cops say
(DBN)

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Judges:

Judge rules Trump's deployment of troops to Los Angeles violated federal lawGavin Newsom Responds After Legal Win Against Donald TrumpJudge rules Trump can't act as national police chief
(DBN)

Posse Comitatus This, B*tch
(DBN)

The Supreme Court fails to apply its own precedent and continues to sow confusion through its shadow docket
(DBN)

How the Supreme Court’s Presidential Immunity Decision Twisted a Great Legacy
(DBN)

Fired Democratic FTC commissioner reinstated by U.S. appeals court
(DBN)

Chemerinsky: SCOTUS rulings on shadow docket cases should be fully heard before becoming binding precedent
(DBN)

Amy Coney Barrett Forced To Discuss Destroying Constitutional Precedent During Family Trip
(DBN)

Amy Coney Barrett Says 'Rights to Marry' Are Different From Abortion
(DBN)

The Judge Who Defied Trump Now Faces Brazil's Biggest Case
(DBN)

US appeals court allows Trump's EPA to nix climate grants
(DBN)

US appeals court upholds machine gun ban, reversing trial judge
(DBN)

Appeals Court Blocks Trump From Using Alien Enemies Act to Deport Venezuelans
(DBN)

Congress hankers for closure in funding war with Trump. SCOTUS is slow to deliver.
(DBN)

Trump Administration Gets Court Win Over 'Green Bank' Funds
(DBN)

'Refusal to cooperate': Oldest federal judge shelved again for ducking mental health tests
(DBN)

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Wall Street:

S&P 500 futures rise after Google avoids harsh antitrust penalty
(DBN)

Stocks tumble as global debt concerns, economic worries grip marketsUS stocks fall as bond sell-off spills into equities
(DBN)

US stocks fall as global bond sell-off deepens
(DBN)

US stocks sink under the weight of rising pressure from the bond market
(DBN)

The Fragile Equilibrium: Assessing the Risks of Chapter 11 Restructurings for Retail and Institutional Investors
(DBN)

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Layoffs:

Salesforce CEO confirms 4,000 layoffs ‘because I need less heads’ with AI
(DBN)

Ohio Adopts “Mini-WARN” Act Requiring Advance Notice of Termination to Covered Employees (US)
(DBN)

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Healthcare:

Former hospital employees file involuntary petitionEx-employees file bankruptcy to ensure wages, transparency at East Ohio Regional HospitalFormer EORH employees file involuntary bankruptcy petitionFormer Employees file involuntary bankruptcy against Ohio hospital and secure appointment of immediate interim trustee
(DBN)

The Turmoil Inside MAHA Is About More Than Just Vaccines
(DBN)

More than 1,000 HHS staff call on RFK Jr. to resign
(DBN)

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Retailing:

At Home plans to close 29 'underperforming' store locations by the end of September
(DBN)

Holiday spending, especially by Gen Z, is expected to drop this year, survey says
(DBN)

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Food/Beverage:

America's most popular beer maker cuts fiscal outlook as Trump's immigration crackdown hits demand
(DBN)

Lab-grown meat banned in Texas as of Sept. 1
(DBN)

McDonald's CEO Issues Economy Warning As People Skip Breakfast
(DBN)

Coming price cuts at McDonald’s may signal a broader fast food price war
(DBN)

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Corporate Governance:

From kiss cams to hat snatching, CEOs keep going viral for the wrong reasons
(DBN)

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Trucking:

Yellow nets $176M for rolling stock while ex-employees await payouts
(DBN)

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Gambling:

Ex-Sands Exec Jason Ader Declares Bankruptcy Over Manila Casino AcquisitionJason Ader’s 26 Capital files for bankruptcy amid failed casino deal
(DBN)

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Furniture:

E-commerce furniture brand Walker Edison files for bankruptcy
(DBN)

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Fraud:

August 2025 Ponzi Scheme Roundup
(DBN)

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Economy:

Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds
(DBN)

Global long-dated bond selloff keeps on going as gold hits records Global bond markets under pressure as investors fret over debt piles
(DBN)

Fed Governor Lisa Cook ‘did not ever commit mortgage fraud,’ her lawyer saysThat Mortgage Document Doesn't Say What You Think It SaysPulte's Latest Bad Faith AccusationCook Blasts Trump’s ‘Cut-and-Paste’ Mortgage Fraud ClaimsFederal Reserve Governor Lisa Cook Challenges Trump’s Effort to Redefine ‘For Cause’ Removal in Court Battle
(DBN)

Why the Fed may soon stop pulling money out of the financial system
(DBN)

US manufacturing activity contracts for sixth straight month in August: 'It's survival'ISM® Manufacturing index at 48.7% in AugustUS factory output, employment sag as prices rise: ISM
(DBN)

Xi and Putin reaffirm ties in the face of US challengesModi’s laughter meets Putin’s grin and Xi’s measured smile as the trio huddle
(DBN)

Treasury yields jump on prospect of U.S. having to refund tariff money; 30-year yield tops 4.97%
(DBN)

Trump to seek fast-tracked Supreme Court ruling on tariffsWhat Trump’s court loss means for shippers and the billions in tariffs collected by U.S. governmentTariff-Related Securities Suit Filed Against Dow Chemical
(DBN)

Congress returns from recess as government shutdown deadline loomsHouse GOP funding chief pushes for stopgap funding bill into November
(DBN)

What We Know About America’s Billionaires: 1,135 and Counting
(DBN)

MAGA comes to Washington: ‘State capitalism’ or ‘bossism’?
(DBN)

Only 10% of job seekers believe recruiters see most applications, survey finds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac House Price Index Declined in July; Up 1.4% Year-over-Year
(DBN)

Trump May Declare National Housing Emergency—but What Is It?
(DBN)

This Pandemic Boomtown Is Now Solidly A Buyer's Housing Market
(DBN)

Receiver appointed to manage beleaguered affordable housing complex in Harrisburg
(DBN)

Construction Spending Decreased 0.1% in July
(DBN)

Hilco Real Estate Sales Brings Northern New Jersey Portfolio To Market Through Bankruptcy Sale
(DBN)

Florida Insurers Fined Millions Over Mishandling of Hurricane Claims
(DBN)

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Municipalities:

Isleton requests loan from Sacramento County to avoid bankruptcy. Will it pass? Sacramento County staff report advises against giving loan to City of Isleton
(DBN)

Settlement judge appointed in Cle Elum bankruptcy case
(DBN)

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Politics:

Trump canceling elections? Democrats increasingly sound alarm bells.
(DBN)

‘Goodbye Epstein Files!’ Bizarre Video of Objects Getting Tossed Out of White House Window Raises Eyebrows Across Social Media
(DBN)

GOP Rep. Thomas Massie takes first step to force a vote on releasing the Epstein filesMassie says he’s confident he’ll get to 218 on Epstein discharge petition Rules Chair: Republicans won’t turn off Massie’s Epstein discharge effort in committee Republicans Publish Old Epstein Files in Bid to Bury CrisisHouse Oversight Committee Set to Meet With Epstein Accusers Mace leaves meeting with Epstein victims visibly upsetRepublican Says Trump 'May Be Covering for' People Linked to Epstein
(DBN)

Trump Family Amasses $6 Billion Fortune After Crypto Launch
(DBN)

President Trump Is Alive. The Internet Was Convinced Otherwise.
(DBN)

Red beret-wearing Republican Curtis Sliwa likes his chances in a crowded NYC mayor’s race
(DBN)

‘Giddy’ Republicans cheer Mamdani’s impact on DemocratsWhy Black Voters Could Spell Trouble for Zohran MamdaniDe Blasio endorses Mamdani
(DBN)

The growing Republican split over Netanyahu
(DBN)

A shutdown fight and Epstein drama await as Congress returns to WashingtonLawmakers Return With a Shutdown Looking Likelier by the Minute
(DBN)

Newsom rolls out ‘shock and awe’ ad campaign for redistricting measureDemocrats scramble for a redistricting counteroffensive against Trump
(DBN)

Gavin Newsom Mocks Donald Trump Over New Threat
(DBN)

Trump says he will order federal intervention in Chicago and Baltimore despite local opposition
(DBN)

Mayor Orders DC Law Enforcement Coordination with Trump Administration
(DBN)

There’s Only One True Bipartisan Issue Left
(DBN)

Giuliani’s Lady Friend Pushed Trump to Give Him Presidential Medal of Freedom
(DBN)

How JD Vance’s hometown fell foul of Trump’s clean energy cuts
(DBN)

Photos of Bernie Sanders Crowd Size as 6,500 Rally With Susan Collins Rival
(DBN)

Iowa Rep. Ashley Hinson launches bid for Ernst’s Senate seat
(DBN)

Weather Service, patent office unions sue Trump over order ending collective bargaining
(DBN)

Trump announces Space Command moving to Alabama, reversing Biden decision Bipartisan Colorado lawmakers condemn Space Command relocation
(DBN)

Texas AG Ken Paxton calls for prayer time in schools
(DBN)

Paul: Gay CDC official’s ‘lifestyle’ disqualified him from government
(DBN)

GOP leaders face rocky September with even slimmer House majority
(DBN)

Trump aides plan megabill marketing reboot for GOP lawmakers
(DBN)

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Celebs:

Revelation! Dr. Phil Starts Settlement Talks With Christian TV Network Over $500M Battle As Trinity Broadcasting CEO Hauled Into Case
(DBN)

Alex Jones Downloads On Former Employee Who Split With Him... 'You are a snake. You are a rat'‘Dead To Me’: Alex Jones Calls Former InfoWars Co-Host ‘Demon-Possessed’
(DBN)

Katie Price starting 'new chapter' in new home after facing a slew of scandals
(DBN)

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Fashion:

Ssense Files For Bankruptcy Protection As Lender Tries To Force A Sale
(DBN)

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Ride hailing:

Waymo starts testing in Denver, Seattle in bid to expand robotaxi service across U.S.
(DBN)

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Tax:

Full List of Jobs Reportedly Covered by Trump's No Tax on Tips
(DBN)

Trump, GOP face tough choices for second tax bill
(DBN)

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Religion:

Pushback to Trump’s foreign aid cuts is coming from a surprising corner
(DBN)

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Education:

School district insolvency on the rise
(DBN)

House GOP eyes 27% cut to Title I
(DBN)

Florida schools will test armed drones this fall to thwart shooters
(DBN)

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Pharma:

Covid-Era Biopharma Venture’s ‘Manufactured’ Bankruptcy Case Dismissed
(DBN)

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Sweepstakes:

Oregonians won '$5,000 a week, forever!' from Publishers Clearing House. Then the company went bankruptPublishers Clearing House bankruptcy leaves 'forever prize' winners stranded
(DBN)

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Agribusiness:

Hundreds of struggling Arkansas farmers ask federal government to save them
(DBN)

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Batteries:

Quebec declares Northvolt battery plant partnership dead, loses $270M investment
(DBN)

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Theme Parks:

Six Flags merger fallout: Park sell-off looms as debt pressures mount
(DBN)

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Chemicals:

Gateshead job worries as chemicals firm Venator goes into administration
(DBN)

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Utilities:

U.S. Utilities Are Baffled by Phantom Data Centers
(DBN)

AI Energy Demand Is Soaring but Not Because of Consumer Queries
(DBN)

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Cannabis:

Weed Companies Find Chapter 11 Alternative to Fix Their Debts
(DBN)

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Banks:

US banks could hide troubled loans under new reporting rules
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Trends And What Mid-Market Company Leaders Should Consider
(DBN)

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UST:

New Acting DOJ Bankruptcy Head Faces Staffing Cuts and Increased Oversight Amid Rising Workload
(DBN)

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Cross-Border:

Cross Border Recognition of Restructurings: The 2019 Hague Judgments Convention comes into effect in the UK
(DBN)

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Merchant Cash Advance:

Merchant Cash Advance Loans As “Unlawful Debt” For RICO Liability? (Golden Foothill v. Spin Capital)
(DBN)

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D&O:

What to Watch Now in the World of D&O
(DBN)

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Bankruptcy Policy:

Bankruptcy’s Redistributive Policies: Net Value or a “Zero-Sum Game”?
(DBN)

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SCOTUS:

The Supreme Court and the Discharge of Debts in Consumer Bankruptcy Cases
(DBN)

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Sales:

Bankruptcy judge sets asset sale for Texas metal recycler
(DBN)

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Mass Torts:

Abuse survivors to testify in Albany diocese bankruptcy case
(DBN)

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Litigation Finance:

“Law Firms Hesitant on Litigation Finance Amid Ethical and Regulatory Concerns”
(DBN)

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Aviation:

‘Unexpected’ Lease Dispute Pushes Spirit Into Bankruptcy Spirit Blames Southwest’s Hated Changes For Fare Cuts That Drove Bankruptcy—Unveils Shrink-To-Survive PlanCash Crunch Forces Spirit Airlines To File Bankruptcy, Shrink Network And Fleet
(DBN)

Frontier surges as rival Spirit's second bankruptcy stokes market share hopesThese 2 Airlines Will Gain the Most From Spirit’s Bankruptcy
(DBN)

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Tech:

Google Not Required to Sell Chrome in Court Antitrust RulingGoogle Avoids Harshest Penalties in Landmark Search Monopoly Ruling Google keeps Chrome and Apple deal but must share data in big antitrust ruling Alphabet stock pops 6% in premarket trading after Google avoids break-up in antitrust caseApple shares rise after judge rules Google can continue preload deals in antitrust case
(DBN)

How Elon Musk Is Remaking Grok in His Image
(DBN)

The AI Doomsday Machine Is Closer to Reality Than You Think
(DBN)

AI-Powered Drone Swarms Have Now Entered the Battlefield
(DBN)

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Magazines:

Spin Magazine Sale Collapses After Buyer Doesn’t Wire the Money
(DBN)

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Student Debt:

Borrowers May Still Owe Thousands After Forgiveness
(DBN)

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Sovereigns:

Pakistan’s misplaced priorities? Debt-ridden nation outspends India with $7.2 million on lobbyists in US
(DBN)

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UK:

Sullivan & Cromwell Accelerates Expansion of London Practice, Adding Restructuring and Private Equity Leaders Kon Asimacopoulos and Mike Francies
(DBN)

Thames Water: Creditors set out rescue plan with £20.5bn investmentThames Water creditors offer 1 billion pound ‘sweetener’ in rescue deal, Sky News reports Thames Water creditors pledge more investment to try to seal rescue deal Thames Water creditors outline £20.5bn investment aims under rescue plans Thames Water’s Creditors and the Path to Financial StabilityThames Water to do fewer improvement projects under lenders’ new rescue plan
(DBN)

English Court refuses to sanction Waldorf Production's restructuring plan
(DBN)

After government’s steel takeover it should refer itself to bankruptcy court, for what a judge called being ‘hopelessly insolvent’
(DBN)

‘Every option’ to keep steel-making in Yorkshire being pursued after insolvency
(DBN)

Top chef crowdfunded new venture — after two bankruptcy petitions
(DBN)

ADHD charity goes insolvent amid allegations that it owes thousands to its students
(DBN)

UK has weeks to solve fiscal puzzle as it sets date for Autumn Budget
(DBN)

Commercial mortgage applications increase by 48.5%
(DBN)

Former England icon loses £5m and others left homeless and pennilessFinancial scandal in English football, from luxury villas to total bankruptcy: They ruined our lives
(DBN)

Nervy bond markets spike as PM hires high-tax fanatics. Threat of ID cards for allLabour's big idea is ID cards for ALL: Blair wanted them years ago and now - as Macron demands action - Starmer takes interest
(DBN)

House Democrat slams UK arrest of comedian over transgender X posts
(DBN)

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Ireland:

North East jobs threat as massive chemicals firm goes into administration
(DBN)

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Brazil:

Verdict and sentencing phase of ‘historic’ attempted coup trial of Brazil’s Bolsonaro begins
(DBN)

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Russia:

Putin says Trump administration is listening to Russia’s arguments on Ukraine war
(DBN)

NATO Issues New Warnings After Russia GPS Jamming
(DBN)

Ukrainian drone strikes strangle Putin’s fuel supplies
(DBN)

Donald Trump's 50-Day Deadline to Russia Expires
(DBN)

Russia never ‘objected’ to EU membership for Ukraine, Putin claims
(DBN)

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France:

‘I haven’t seen this much uncertainty since 1968’: Even a Macron resignation won’t save France
(DBN)

Gérard Depardieu will face a trial over rape and sexual assault allegations
(DBN)

France orders hospitals to ready for ‘WW3’ & treat hundreds of wounded soldiers per day in less than a year
(DBN)

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Germany:

German Court finds creditor selection inadmissible for StaRUG restructuring plan
(DBN)

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MENA:

Israel starts calling up reservists as it pushes into initial stages of Gaza City offensiveThe Israeli Army Is Struggling to Get Reservists to Show Up
(DBN)

Israel begins ground operation in Gaza City, IDF says
(DBN)

2nd Afghan quake hits as death toll reaches 1,400
(DBN)

Iran frantically hides surviving nuclear equipment
(DBN)

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Venezuela:

Trump says US has carried out strike against drug-carrying vessel that departed from Venezuela Trump says 11 ‘terrorists’ killed in strike on ‘drug vessel’ in Caribbean Maduro accuses US of plotting military intervention in VenezuelaHegseth shares video of strike on alleged Tren de Aragua drug boatWhat Large-Scale US Military Action Against Venezuela Could Look LikeRepublican Demands $100,000,000 Bounty for Nicolás Maduro
(DBN)

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Mexico:

‘Gringos leave’: Protests targeting travelers rise as overtourism anger grows
(DBN)

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India:

Operational creditors trail financial lenders in spurring insolvency cases
(DBN)

Now, Bridgestone sues bankrupt Go First over 1,400 missing tyres
(DBN)

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China:

Trump to China’s Xi: ‘Give my warmest regards’ to Kim Jong Un, Putin ‘as you conspire against’ the US China’s Xi says the world faces ‘peace or war’ as Trump claims Beijing conspiring against U.S.
(DBN)

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Romania:

Ex-Euroins Romania Chiefs Summoned Over Company Bankruptcy Case
(DBN)

Travelers Stranded Across Greece, Spain, Cyprus, and Türkiye Amid European Tour Crisis, Cocktail Holidays Faces Near Bankruptcy
(DBN)

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South Korea:

Seongnam Saemaul Geumgo faces insolvency crisis as real estate loans soar
(DBN)

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