April 23, 2026

The Daily Bankruptcy News

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Law:

If Sullivan & Cromwell Can File an AI-Contaminated Brief, Is Risk-Proof Use of the Technology Even Possible?Top Law Firm Admits to AI ‘Hallucinations’ in Bankruptcy Filing Tied to Alleged Scam Network
(DBN)

Legal AI Power List
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Kirkland recruits Wachtell’s restructuring and finance head in New York
(DBN)

Associates continue to leave firms within 5 years of hire, new report saysAssociates Are Leaving Faster Than Ever — But Let’s Be Honest, Biglaw Designed It That Way
(DBN)

Kentucky Law School’s Dean Fight Is A Dumpster Fire
(DBN)

Headed To Mississippi Law? Prepare To Get Used To AI
(DBN)

2 Biglaw Firms Tumble Down The Ranking
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U.S. Law Firm Lateral Hiring Shows Broad Growth in 2025
(DBN)

Florida Supreme Court Ruling Empowers Clients to Dismiss Referral Lawyers Without Cause
(DBN)

McDermott Sued Over Black Associate’s Discrimination Claims
(DBN)

Law school graduate employment rate for top-tier jobs remains high for the class of 2025
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The Best Law Schools For Getting A Biglaw Job (2026)
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Biglaw Associate Moves Back In With Mom & Dad Thanks To Absurd Rent Prices
(DBN)

Partitions and permit delays: the UK law firms sticking with China
(DBN)

NCBE updates character report, changes questions related to mental health and substance abuseNCBE Updates Character Report Application To Encourage Applicants To Get The Help They Need
(DBN)

Companies Drop DEI Rules in Hiring Lawyers, Acceding to Trump
(DBN)

Law Firms Are Drowning In Cash. Trump’s PAC Is Drowning In Legal Bills.
(DBN)

The Supreme Court will decide if migrants can be sent back to war zones Hundreds of detained immigrants launch hunger strike at Michigan ICE facilityTrump’s Immigration Crackdown Pervades Long Island SuburbsImmigration officer is charged with assault after protest outside Colorado ICE facilityMigrants deported from US stranded, 'scared' in DR Congo
(DBN)

Kash Patel’s $250 Million Lawsuit Was Going Fine Until He Started Talking About It F.B.I. Said to Have Investigated Times Reporter After Article on Patel’s GirlfriendJudge tosses Kash Patel's defamation suit against former MSNBC contributorDemocrats want FBI Director Kash Patel to fill out alcohol use screening test
(DBN)

Meet The New Prosecutor On The Brennan Case. He Already Called The Defendant A ‘Real Traitor.’
(DBN)

Trump DOJ Indicts Civil Rights Group For Working To Take Down Hate Groups
(DBN)

Once accused of election fraud, former small-town mayor leaves court to applause
(DBN)

Barabak: He honked to support a 'No Kings' rally. A cop busted him
(DBN)

The Capitol Police Officer Swept Up in a Jan. 6 Conspiracy Theory
(DBN)

Man charged with lying to police about gun used by Louisiana shooterShreveport faced a domestic violence 'epidemic' long before 8 children were fatally shot
(DBN)

Wigmaker who killed mom and young children in horror Brooklyn crash changes story — after claiming ‘devil’ made her do it
(DBN)

Teen found in singer D4vd's trunk died from 'multiple penetrating injuries,' officials say
(DBN)

Man says he met friends to 'play video games' but ended up murdering someone: Police
(DBN)

Man who swiped Kristi Noem's purse in restaurant is sentenced to 3 years in prison
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Man kept corpse of partner for years to collect his Social Security
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Teen stabbed after stepping in to defend mother and daughter being harassed at show: Cops
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Son who broke into mom's home via dog door, killed her over lack of valuables learns fate
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Man fatally shot teen while playing 'game' with guns they called 'quick draw': Police
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'I thought she was gonna leave me': Boyfriend who killed pregnant girlfriend learns fate
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Judges:

Notice of Vacancy - United States Bankruptcy Judge, District of Maryland at Greenbelt
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Supreme Court Finds Soldier Injured in Afghanistan Suicide Bombing Can Sue
(DBN)

The Politics Of Trump’s Supreme Court
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Thomas and Alito clash in rare dueling opinions on fate of wounded Army hero's lawsuit
(DBN)

Trump Labels Justice Jackson ‘Low IQ’ in Latest Court Attack
(DBN)

Federal appeals court blocks California law requiring federal agents to wear identification
(DBN)

5th Circuit allows Texas to require Ten Commandments in classrooms
(DBN)

A New Supreme Court Leak Shows John Roberts at His Worst
(DBN)

Retired Justice Breyer defends former colleagues on Supreme Court amid shadow docket scrutiny
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The Justices Seem Unhappy—and the Emergency Docket Is a Factor
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Court curtails Trump administration moves to stifle wind, solar development
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Texas Judge’s Foreclosure Case Sees Partial Reversal
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Judge smacks down DOJ demand for sanctions against 'reasonable' lawyer in another blow
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Wall Street:

S&P 500 futures decline following another record-setting day for benchmark
(DBN)

S&P 500, Nasdaq close at records after U.S. extends Iran ceasefireCanadian, U.S. markets rise despite gains in the price of oil amid war uncertainty
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How Wall Street is setting records even with the Iran war still going on
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Layoffs:

Maverick Gaming is closing the Silver Dollar SeaTac Casino and laying off about 65 employees
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Media:

Tim Heidecker Wants to Erase Alex Jones From Infowars
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Trump Media Says Goodbye to CEO After Taking $712M Net Loss
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Climate:

What a 5,000-mile-long marine heat wave means for summer in the U.S.
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Student Debt:

They Chose Careers in the Trades and Still Wound Up With Debt
(DBN)

Student-loan borrowers kicked off Biden's affordable repayment plan need more time to prep for higher bills, lawmakers say
(DBN)

Student Loan Change Impacting Millions Sparks New Warning From Senators
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Prediction Markets:

New York Bans Government Employees from Insider Trading on Prediction Markets
(DBN)

Kalshi fines and suspends three politicians for 'insider trading' on their own races
(DBN)

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Crypto:

FTX Assets Could Have Reached $114B Today
(DBN)

FTX sold its Cursor stake for $200,000 in 2023. It would be worth $3 billion today
(DBN)

Blockchain billionaire Justin Sun takes Trump family's crypto firm to court
(DBN)

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Software:

Application software leads private IT sector bankruptcy filings
(DBN)

EQT warns AI fears will stall sales of private equity software stakes
(DBN)

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Assisted Living:

Trump Pardoned a Nursing Home Owner Who Owed Almost $19 Million to a Grieving Family
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Gambling:

SeaTac’s Silver Dollar Casino Goes Dark As Maverick’s Money Woes Deepen
(DBN)

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Utilities:

Texas, the nation's energy capital, shuts off the most utility customers, federal report finds
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Accounting:

PwC agrees to pay US$166 mil to close Evergrande probe in HK
(DBN)

KPMG Plans to Hand Routine Testing Off to AI
(DBN)

PwC Tells Remote Tax Staff to Get Their Butts Into the Office
(DBN)

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Private Credit:

U.S. Officials Try to Get a Grip on Risks Bubbling Inside Private Credit
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Personal Finance:

Drinks Are So Expensive That Grown-Ups Are Pregaming Like They Did in College
(DBN)

Gen Z is doing (almost) everything right with money—and still getting burned
(DBN)

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Economy:

Pirro says DOJ won’t drop Fed probe, will appeal judge’s order blocking Powell subpoenas
(DBN)

Dollar gives up bulk of war gains as traders abandon bullish bets
(DBN)

Americans' Economic Confidence Drops in April
(DBN)

Krugman: Kevin Warsh is Trump's Sock Puppet Wall Street won’t like it—but Kevin Warsh may mark the end of your chatty, neighborhood Fed chairmanKevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
(DBN)

Republicans increasingly break with Trump over Fed probe
(DBN)

The ‘Complete Collapse’ of the Job Ladder for Gen Z
(DBN)

Businesses trying to claim tariff refunds run into problems, as government officials briefly pause access to portal
(DBN)

First came the price rises. Now output is falling in industries ranging from airlines to chemicals.
(DBN)

The U.S. Is Poised For Its First-Ever Population Decline
(DBN)

Krugman: Bad Vibes and Broken Promises - More thoughts on the roots of Americans’ anger about the economy
(DBN)

Why H-1B Visa Odds Are Getting Worse Under Trump’s New Rules
(DBN)

Mapped: How Much U.S. Population Growth Comes From Immigration
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US Debt Clock
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World Debt Clock
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Real Estate:

Mortgage rates sink again, and homebuyers jump back in
(DBN)

Architecture Billings Declined Slightly in March
(DBN)

Fannie Mae and Freddie Mac to accept 'predictive' credit scores
(DBN)

The 10 US Cities Where Rent Is Skyrocketing in 2026
(DBN)

New York wants to tax empty second homes. Here's what happened in cities that tried it.
(DBN)

The housing affordability crisis isn’t just crushing millennials—it’s squeezing out buyers in their 40s, 50s, and beyond too
(DBN)

Lurin Capital files Chapter 11 for two Florida properties Fannie Mae sued to foreclose on in December
(DBN)

Detroit: Auction starts Monday for bankrupt Leland House downtown
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Municipalities:

An immigration slowdown led to widespread declines in population growth in America’s major metro areas
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Oil/Gas:

Global oil climbs back to $100 a barrel after Iran flexes its power over oil tankers in Hormuz
(DBN)

StanChart: $95 Per Barrel Is The New Oil Price Equilibrium
(DBN)

‘We are facing the biggest energy security threat in history,’ IEA chief says
(DBN)

Asia Energy Squeeze Worsens as Supply Cushion Melts
(DBN)

Hormuz 'Reopening Optimism' Is 'Sliding Fast', Analyst Warns
(DBN)

Brace for the Plastic Price Hikes
(DBN)

Hoarding Is Driving Energy Prices Higher Everywhere
(DBN)

Energy traders dig in for a long Iran war
(DBN)

Why the Trump team’s arcane economic theory won’t play at the gas pumps
(DBN)

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Politics:

Tracking approval and key issuesTrump Approval Rating Flips With Religious Voters in Republican StrongholdTrump’s Approval Rating Among Republicans Dips to New Low: PollTrump’s net approval rating on economy and overall falls to lowest of his two terms, CNBC survey shows
(DBN)

Trump’s lack of focus on economy is spooking Republicans as 2026 election looms
(DBN)

Americans’ disapproval of Congress rockets to record high under Trump
(DBN)

There Is Much More to Pope vs. President Than Meets the Eye
(DBN)

Republicans divided on whether to check Trump’s Iran war power as 60-day mark looms
(DBN)

Trump Plans Media Humiliation at Correspondents Dinner
(DBN)

Gas prices are still high. The midterm clock is ticking.
(DBN)

Senate passes budget plan for ICE and Border Patrol in bid to reopen Homeland Security Department
(DBN)

Trump's Midterm Election Plot Backfires With VotersVirginia judge blocks redistricting referendum result that boosted Democrats’ election hopesVirginia attorney general pledges to appeal injunction blocking redistricting referendum’s certification Obama Takes a Victory Lap After Humiliating Defeat for TrumpA New Front in an Old Gerrymandering WarHere’s Where the National Fight Over Gerrymandered Maps StandsIn Virginia Redistricting Win, Democrats Play Hardball to Thwart TrumpGOP navigates 'regret' and recriminations after redistricting loss in VirginiaDonald Trump Demands Courts ‘Fix’ Virginia’s New Congressional Map
(DBN)

Follow The Money: Springsteen’s N.J. concert was poisoned by hypocrisy. Anti-Trump final act is a tragic mistake.
(DBN)

Tables turn as Republicans face gas-price attacks they once used on DemocratsEnergy Secretary walks back gas prices projection after criticism from Trump
(DBN)

Trump’s surgeon general pick faces mounting GOP opposition
(DBN)

Court filing backs up claims of ‘shadow administrator’ at FEMA
(DBN)

GOP civil war erupts as differences over funding bill fester: report
(DBN)

Trump's Labor secretary departs, leaving scandal and vast disappointment in her wake
(DBN)

Texas Governor Uses Trump-Style Tactics in Fight With Texas Cities Over ICE
(DBN)

Rep. David Scott dead at 80 while seeking 13th term as he becomes second sitting Congress member to die in 2026
(DBN)

Navy Secretary John Phelan is leaving in the latest departure of a top defense leaderUS Navy secretary fired amid Iran blockade
(DBN)

Judge tosses Laura Loomer’s defamation suit against Bill Maher over Trump jokeLaura Loomer Rages After Losing Bill Maher Defamation Case: ‘Misogynistic’
(DBN)

Senators to introduce ‘Hot Rotisserie Chicken Act’ for SNAP recipients
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Healthcare:

Filing Alert: Fitzgibbon Hospital Chapter 11
(DBN)

Ex-employee says Willow Midwife Center staff went unpaid before bankruptcy filing
(DBN)

California Is Rife With Hospice Fraud. But Whose Fault Is It?
(DBN)

A $440,000 Breast Reduction: How Doctors Cashed In on a Consumer Protection Law
(DBN)

Massachusetts doctor indicted on 81 new sexual assault charges for alleged abuse over several years
(DBN)

Scientists Found Some Common Meds Linked to Autism (None of Them Are Tylenol)
(DBN)

C.D.C. Cancels Publication of Study Showing Benefits of Covid Vaccines
(DBN)

Bill Cassidy’s still attacking RFK Jr. Now it’s about abortion.
(DBN)

The next time your health insurance denies a medication or procedure, here's how to appeal it. You'll probably win.
(DBN)

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Pharma:

Elizabeth Warren and RFK Jr. engage in 'fiery exchange' over Trump's 'scam discounts'Trump’s deal with drugmakers was meant to see prices fall. But some companies have been raising them, Senate report says
(DBN)

Sanders wants to put GOP senators on the spot on Trump’s drug price deals
(DBN)

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Crypto:

‘F--- this coin’: Crypto traders fall out of love with Trump’s digital ventures
(DBN)

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Freight:

CSX says more businesses are shipping via rail to avoid surging fuel costs
(DBN)

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Manufacturing/Transportation Equipment:

Filing Alert: TRM NRE Chapter 11
(DBN)

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Radio:

Cumulus Tells Court Its Bankruptcy Now Proves Harm From Ongoing Nielsen Fight.
(DBN)

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Autos:

Investors nurse billion-dollar losses after ‘short squeeze’ at car rental group Avis Budget
(DBN)

Sorry to owners of older Teslas — your car won't be fully autonomous
(DBN)

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Retailing:

Despite Bankruptcy, QVC Footwear Is the Fastest-growing U.S. TikTok Shop
(DBN)

Party City makes a comeback with hundreds of stores reopening inside another popular retailer
(DBN)

Seven major mall retailers face heightened bankruptcy risks
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  New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Updated Las Vegas, Reno and Annual Bankruptcy Case Filing Statistics
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Mass Torts:

“A Punch in the Gut”: After Years of Waiting, Many Opioid Victims Will Be Shut Out of Purdue Settlement
(DBN)

Jury awards $16 million to survivor of Oakland priest sex abuse
(DBN)

Philip Morris Must Pay $56 Million in Wrongful Death Suit
(DBN)

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Mediation:

Mediation’s Role in Multi-Color Corp. Bankruptcy Highlights Evolving Judicial Strategies
(DBN)

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Aviation:

Trump administration in advanced talks for Spirit Airlines rescue package, source saysTrump Administration Nearing Rescue Deal for Spirit Airlines US could own up to 90% of Spirit in $500 million rescue planSpirit Airlines may get a bailout. What's in it for U.S. taxpayers?Senators raise concerns about US bailout of Spirit Airlines 'Not The Best Use of Taxpayer Dollars' Why the government bailout of major airline is facing pushback from top aviation officials How Spirit Airlines’ business model collapsed—and why a Trump bailout could make things worseTraders Chased a Trump Bump in Spirit Airlines Stock. It's a Risky Move.
(DBN)

United Airlines slashes 2026 forecast as fuel costs surge, but demand remains strong
(DBN)

American Airlines cuts 2026 earnings projections after surge in jet fuel
(DBN)

Flight cuts are spreading as fuel costs surge - and higher summer fares look likely
(DBN)

Boeing regains delivery lead over Airbus as revenues jump
(DBN)

F.A.A. Investigates Near Miss Between Passenger Jets at J.F.K. Airport
(DBN)

Major airline set to hike prices by up to 20% during busy summer travel season
(DBN)

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Corporate Governance:

Musk wanted to flee Delaware. This CEO wants to fix it
(DBN)

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Food/Beverage:

Taylor Chip bankruptcy case to be dismissed; creditor to pursue $2.1M claim elsewhere
(DBN)

Another Distillery Bites The Dust: Inside the Bankruptcy of a New York Vodka Mainstay
(DBN)

Red Lobster diners loved ‘Endless Shrimp.’ Just don’t ask the waiters about it.
(DBN)

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Cannabis:

White House pushes imminent easing of controls on marijuana
(DBN)

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Consumer Finance:

Capital One increases provision for bad-debt expenses as earnings miss Wall Street consensus
(DBN)

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Agribusiness:

Tariffs, war, and now a historic drought have converged into a 'perfect storm' for US farmers and food prices
(DBN)

Auction held for Omaha grain dealer in bankruptcy court
(DBN)

Bankruptcy judge approves sale of Anderson Hay’s Oregon facility
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Non-Profits:

Shuttered northeast Wisconsin anti-poverty nonprofit files for bankruptcy
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Education:

Meet the first graduating class of CollegeGPT
(DBN)

AI Use by Students Across Major Economies
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Tech:

Anthropic’s New A.I. Model Sets Off Global Alarms
(DBN)

Lawmakers are shown how 'jailbroken' AI can plan terror attacks
(DBN)

Anthropic valuation soars to trillion dollars, surpassing OpenAI
(DBN)

Nvidia CEO Says AI Will Be a Permanent Micromanaging Boss Who Never Stops Nagging You
(DBN)

AI Tools Are Helping Mediocre North Korean Hackers Steal Millions
(DBN)

$8.5 billion consulting firm Grant Thornton is tying US partner bonuses to AI use
(DBN)

Elon Musk Says 'If AI/Robots Increase Output, Then You Must Issue Dollars To People or There Will Be Massive Disinflation'
(DBN)

SpaceX and Tesla are on an inevitable collision course
(DBN)

New Gas-Powered Data Centers Could Emit More Greenhouse Gases Than Entire Nations
(DBN)

Quant pioneer Martin Lueck warns against handing over trading to AI
(DBN)

One month phone-free: Young Americans try digital detox
(DBN)

Robots crack jokes and grasp items at Humanoid Robot Expo in Tokyo
(DBN)

High earners race ahead on AI as workplace divide widens
(DBN)

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UK:

Scottish personal insolvencies declined in first quarter of the year
(DBN)

Builder.ai founder Sachin Dev Duggal accused of receiving siphoned funds
(DBN)

Bank of England’s Breeden warns Iran war could set off bond and private credit crisis
(DBN)

Britain at risk of mobile signal rationing as energy costs soar
(DBN)

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EU:

Russia is preparing for war with NATO and could be ready to attack within a year of ending Ukraine conflict, European spy agency warns
(DBN)

Germany to take on ‘more responsibility’ for Europe’s defenseCan the Germans fight?
(DBN)

Trump weighs consequences for NATO allies on 'naughty' list
(DBN)

Ukraine will get $105 billion loan after Hungary drops opposition, EU says
(DBN)

European Union ramps up crisis testing, convinced that Trump’s security priorities lie elsewhere
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Canada:

Canada’s prime minister says the US does not get to dictate terms for a trade agreement
(DBN)

So you want to be Canadian, eh? Changes in immigration law will make it easier for Americans
(DBN)

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MENA:

Bahrain: Ministry ‘resolves 60 cases of bankruptcy in three years’
(DBN)

Iran says it has seized two ships in Strait of Hormuz after U.S. extends ceasefireEscape from Hormuz: the oil tankers running the Iranian gauntletMore confusion looms over Strait of Hormuz after Iran attacks three ships near waterwayUS Intercepts Three Iranian Oil Tankers in Asian Waters, Sources Say Iranian Adviser Argues Cease-Fire Means 'Nothing' Trump’s ‘dirty ceasefire’ tested as Iran hits shipping Trump’s blockade collapses as Iranian 'ghost ships' bypass US Navy during shaky ceasefire amid uneasy oil pricesIran Menaces Hormuz as Its Own Oil Tankers Test US BlockadeTo Iran, Trump Blinked First by Extending the Cease-FireIran fires on 3 ships in the Strait of Hormuz Inside Trump’s floundering Iran peace processTrump eyes Iran deal with many of the trade-offs he blasted Obama for acceptingClearing Strait of Hormuz of mines could take 6 months, Pentagon tells CongressA look at China’s behind-the-scenes role in Iran war diplomacyThe military man trying to save US-Iran peace talksIs a ‘Surprise Strike’ on the Way as Trump Sends More Troops to Iran?These charts show how Iran’s economy is in freefall
(DBN)

Trump says Iran won’t execute 8 women after he demanded their release
(DBN)

Warren presses Trump administration for answers on evacuation of Americans amid Iran war
(DBN)

IDF battles against religious takeover
(DBN)

Bessent Backs Financial Support for Oil-Rich U.A.E.Bessent says ‘many’ U.S. allies have asked for currency swaps amid Iran war turbulence
(DBN)

On Independence Day, Israel Honors Rabbi Who Called to ‘Flatten’ Gaza
(DBN)

Lebanon and Israel to resume rare direct talks in Washington to extend Israel-Hezbollah ceasefireHow Beirut was turned into a bystander in its own ceasefire talks
(DBN)

An Israeli-Born Scholar of the Holocaust Mourns for His Country
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Russia:

Threat of Evictions Darkens Russia’s Rosy Picture of Occupied Ukraine
(DBN)

Inside Ukraine's robot war revolution
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Malaysia:

Economy minister: Over 31,500 bankruptcy cases since 2021, almost half due to personal loans
(DBN)

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Australia:

DSGN Homes' boss speaks out on the industry that led to his insolvency
(DBN)

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