August 12, 2026

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

US Law Firms on Track for Profit Boost as Demand and Billing Rates Rise
(DBN)

Should Wachtell Litigators Launch Their Own Boutique Firm?
(DBN)

Sidley Austin Beats Genesis Investor’s Bankruptcy Conflict Claims
(DBN)

Illinois governor signs bill limiting investor influence on law firms
(DBN)

Biglaw Firm Joins The Salary Wars, But Keeps Raises On Ice Until 2027
(DBN)

Will Rising Expenses Dampen Big Law Profitability?
(DBN)

The Richest Law Firms Are Looking At Private Equity Cash Because I Guess They Don’t Have Enough Money
(DBN)

SPAC King Attorney Weighs Selling Stake in His Own NYC Law Firm
(DBN)

The Law Schools With The Highest LSAT Scores (2026)
(DBN)

'Good Blueprint': 1st Agentic AI Appellate Ruling Gives Companies Roadmap
(DBN)

Hasty Adoption of Internal AI Tools Can Expose Sensitive Data
(DBN)

Victimized by AI: A Practical Guide to Artificially Generated Filings
(DBN)

Discovery disrupted: will generative AI prompt more civil lawsuits to go to trial?
(DBN)

Mark Zuckerberg Thinks Everyone Should Have A Superintelligent AI Lawyer
(DBN)

Teaching Judgment In The Age Of AI: Building Legal Professionals Who Rely On AI Responsibly
(DBN)

Law Firms Don’t Have One AI Visibility Problem. They Have Three.
(DBN)

Law Firms Target AI Skills, First-Gen Connections in Summer Training Programs
(DBN)

The AI User Experience Is More Important Than Ever
(DBN)

AI Tests Lawyers’ Will to Keep Training the Models in Our Minds
(DBN)

Closed AI Platform Delivers Fast Answers to Lawyers During Trial
(DBN)

Are Your AI Prompts Discoverable?
(DBN)

GCs Are in the Driver's Seat, but They Have to Use the Leverage
(DBN)

Law grads reach settlement in class action over botched California bar exam
(DBN)

New Bar Exam’s Rollout Failure Doesn’t Call for Backtracking
(DBN)

White House Asks DOJ To Consider New Charges in Reflecting Pool Case
(DBN)

DOJ Memo on Outside Legal Advisers Strains Hill Oversight
(DBN)

Trump says future of 'weaponization' fund is up to Blanche
(DBN)

New DOJ Memo Gives Trump Sweeping Authority to Shield Comms With His Advisers
(DBN)

Peter Navarro Wants A Prosecutor Fired For The Unforgivable Sin Of Prosecuting Him
(DBN)

Trump’s New White House Lawyer Embodies MAGA Mold in Second Term
(DBN)

Ken Paxton demands protection for surrogate and unborn child with birth defectSurrogate who refuses to abort baby despite its biological parents wishes scores early legal victory
(DBN)

Trump's Attack on 'Birth Tourism' Faces Uphill Legal Battle After Supreme Court Ruling
(DBN)

ICE plans to give officers gloves that can deliver painful electric shocksFast-Tracked Deportations for Migrants Permitted by Court US citizen detained by ICE at Atlanta Airport as he boarded flightFamily says ICE neglect led to detained Cary pastor’s strokeNew Evidence Shows Federal Agents Using Racial Slurs During Immigration SweepsTrump admin worked with Ken Paxton on 'friendly' and 'collusive' lawsuit, motion claimsAfter Supreme Court Win, Trump Officials Under Pressure to Deport Haitians
(DBN)

Lawsuit looks to expose 'legal advice' behind billion-dollar Board of Peace funding
(DBN)

Should Letting Children Play Alone Outside Be a Crime?
(DBN)

Massachusetts governor passes controversial abortion bill allowing terminations up to birth
(DBN)

Lindsay Clancy nurse reveals killer mom's haunting 'I'll survive' message
(DBN)

Jurors to be anonymous in state Luigi Mangione trial, slated for SeptemberLuigi Mangione returns to court after prison makeover that was an inside job for popular inmate
(DBN)

Video of Arkansas trooper punching 18-year-old during traffic stop draws calls for investigation
(DBN)

Twist in hunt for son, 27, after bodies of missing parents found buried in yard
(DBN)

Man who warned girlfriend she would 'end up in a grave' was accurate
(DBN)

Little kids forced to walk in 108-degree heat for hours while parents were drunk: Police
(DBN)

Cop kidnaps ex in front of her kids, kills her because he wanted his TV back: Sheriff
(DBN)

Woman torched boyfriend's apartment after he made her leave, killing man who lived above
(DBN)

Mom rode shotgun while teen daughter killed a person with her minivan, mother charged: DA
(DBN)

Man went to Topgolf after plowing into parents pushing little girl in a stroller
(DBN)

Husband only allowed in delivery room if he behaved himself assaulted mother-in-law
(DBN)

Reality star, 35, enters murder plea after ‘beheading boyfriend’
(DBN)

New surveillance tech links your phone to your license plate
(DBN)

______________

Judges:

Corrine Bielejeski Appointed as Bankruptcy Judge for the Eastern District of California
(DBN)

Samuel Alito gained up to $2.9m from oil and gas assets since joining supreme court, analysis showsSamuel Alito Sees ‘Vultures’ Circling His Supreme Court Seat But Has No Plans To Retire
(DBN)

The Delusions of John Roberts
(DBN)

The court should hold oral argument outside of the capital
(DBN)

Author of ‘How to Kill a Federal Judge’ convicted on multiple counts
(DBN)

Nine Was Never Sacred
(DBN)

Why Many Judges Now Question Claims by Justice Department Lawyers
(DBN)

Trump's detour to avoid discovery of finances in own lawsuit will 'help' BBC, judge says
(DBN)

Trump Judicial Picks Squeezed by Looming Midterm, Senate Recess
(DBN)

Judge blocks US Postal Service from restricting mail-in voting
(DBN)

CEO ‘killer’ Luigi Mangione murder trial rules revealed as judge seethes it’s ‘not his 1st rodeo’ over criticism
(DBN)

Queens Judge Faces Removal From the Bench: Is He 'Being Singled Out?'
(DBN)

Judge Rejects ‘ChatGPT Wrote My Confession’ Defense
(DBN)

Trump Judge Rules SPLC Can't Prove Vindictive Prosecution Without Evidence, Which She Also Won't Let Them See
(DBN)

______________

Wall Street:

Stock futures inch higher ahead of Wednesday’s big inflation report
(DBN)

______________

Layoffs:

AI is killing worker confidence, but there's no sign it's muscling people out of their jobs on a massive scale
(DBN)

Rapid7 to cut 12% of workforce (300 jobs) in restructuring plan
(DBN)

______________

Tech:

Silicon Valley's newest 'Pain Index' paints a brutal picture
(DBN)

1 in 4 companies delay or cancel an AI project over cost
(DBN)

Meta, other companies must face thousands of lawsuits over child social media addiction, appeals court rules
(DBN)

AI Investors Are Suddenly Quaking in Their Boots
(DBN)

The Next ‘Lab Leak’ Could Be AI
(DBN)

See how a Tesla-SpaceX merger gives Musk a shortcut to his $1 trillion payday
(DBN)

Protesters Arrested After Storming OpenAI Lobbying Office
(DBN)

Google Just Updated Its Home Page to Replace the “Search” Button With a Bunch of AI
(DBN)

Amazon’s New AI Data Center Is So Enormous That It Appears It Will Become the Largest Single Source of Pollution in the United States
(DBN)

Memphis data center fuels pollution fight in Black neighborhood
(DBN)

____________

Finance:

When trouble strikes, who shadow-banks the shadow bankers?
(DBN)

____________

Economy:

Is inflation really slowing? Fed rate hike hinges on July price report
(DBN)

Kevin Warsh’s monetary hall of mirrors
(DBN)

Poorer Americans are struggling to make ‘ends meet’, top Fed official says
(DBN)

Small business optimism rebounds to highest level since Aug. 2025: NFIB
(DBN)

The ingredients are coming together for a US financial crisis
(DBN)

Tariff Lawsuits Surge as Importers See Path to Blocked Refunds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

America’s Mortgage King Lost $600 Million and Needed a Rescue
(DBN)

How a bad trade pushed a US mortgage giant into a $2bn lifeline
(DBN)

As Credit Card Debt Mounts, Home Becomes a Piggy Bank
(DBN)

Simon poised to rake in millions more in rent thanks to Saks Global closures
(DBN)

Judge approves amended DON Enterprises bankruptcy plan
(DBN)

A Fight For The Leases: How The Bankrupt Salad & Go Chain Pitted Rivals Dutch Bros And 7 Brew Coffee Against Each Other For Its Real Estate
(DBN)

______________

Municipalities:

Sacramento schools face estimated $80M cash shortfall by end of June, insolvency starting late April if nothing is done, new analysis shows
(DBN)

____________

Oil/Gas:

Brent Tops $89 Amid U.S.-Iran Stalemate Over Hormuz
(DBN)

____________

Fraud:

US judge cites ‘concerning’ irregularities in Adani fraud case
(DBN)

Bankruptcy panel unwinding Ken Mattson's alleged Ponzi scheme now investigating San Diego County real estate deals
(DBN)

FTC reports social media scams caused more than $90 million in losses in 2025
(DBN)

____________

Assisted Living:

Landau offers first testimony in Genesis bankruptcy, loses legal bid that could have delayed conclusion
(DBN)

____________

Fitness:

Gym franchisee that operates multiple stores files for bankruptcy
(DBN)

____________

Politics:

Tracking approval and key issuesPoll: Approval Hits All-Time LowWorse than After Jan 6
(DBN)

Republicans Have Supercharged Deficits. For What?
(DBN)

John Kennedy Glumly Admits Odds of Passing SAVE Act ‘Down Immeasurably’ Trump Hints at Enforcing Voting Restrictions During Midterms Even without SAVE Act: ‘Stranger Things Have Happened’
(DBN)

Even Republicans Don’t Think Trump Will Reach Good Deal With Iran
(DBN)

Former President Obama takes jab at Trump's gold White House decor
(DBN)

Is Donald Trump becoming the new Jimmy Carter?
(DBN)

Trump’s Air Force One Escape While Leaving Journalists on ‘Decoy’ Flight Sparks Online Media FuryTrump mercilessly used White House officials and reporters as 'decoys' amid AF1 threatTop US Democrat demands briefing on secret mission to extract Donald Trump from Turkey Air Force One ruse calls into question Trump’s safety abroad Bombshell video shows Trump's chilling words before leaving reporters on 'decoy plane'Trump sneaked out of Turkey in catering cart over Iranian plot fearsTrump on undisclosed plan to use decoy plane: 'It's up to Secret Service and military'
(DBN)

Will Wisconsin Voters Think Francesca Hong Is Too Radical? Here’s Where She StandsFrancesca Hong Takes on National SecurityCenter-Left Candidate Defeats Democratic Socialist in Wisconsin’s Governor PrimaryDavid Crowley defeats Democratic Socialist in Wisconsin governor's primaryModerate Democrat unexpectedly beats socialist in tight Wisconsin primary race
(DBN)

Democratic rebellion against older politicians reaches new battleground
(DBN)

Nate Silver Reveals His Updated Midterm Election Forecast — Rates Texas as LEAN D
(DBN)

Flanagan beats Craig for Minnesota Democratic Senate nod in win for progressives
(DBN)

Trump comes up short with Lindell in Minnesota gubernatorial primary
(DBN)

Constitutional Debate, Not Historical Atrocity: El-Sayed's Sharia Law Comparison Fails Miserably
(DBN)

Red-faced Mamdani blames his staff after NYPD denies NYC’s first lady Rama Duwaji a police escort to the Middle East
(DBN)

Trump Admin Reportedly Miffed at MAGA Influencers Criticizing AOC for Freezing Her Eggs
(DBN)

Satmar Rebbe Of Williamsburg Condemns Incitement Against Mayor Mamdani
(DBN)

Gavin Newsom tells Detroit church Trump wants ‘to bring us back to a pre-1960s world’
(DBN)

Gavin Newsom’s troubled bullet train could face $9.5B shortfall
(DBN)

RFK Jr. and HUD secretary rip LA homeless agencies and endorse faith-based alternatives
(DBN)

Asbestos, mold and crumbling walls: The US military’s Pacific bases are falling apart
(DBN)

Pete Hegseth’s Pentagon picks raise questions over Trump family business ties
(DBN)

Epstein victim files cleared for release over Maxwell's protest
(DBN)

Why lonely Republicans are even glummer than Democrats
(DBN)

____________

Space:

Chinese rocket explodes seconds after takeoff
(DBN)

Scientists Warn That New Satellites Could Cause Eye Damage for People on the Ground
(DBN)

____________

Utilities:

Judge declines for now to hold SoCal Edison liable for LA wildfire
(DBN)

____________

Waste:

New York City Is About to Fine Property Owners Over Trash Bins. Its Official Supplier Says the Rollout Drove It Into Bankruptcy
(DBN)

____________

Telecom:

Dish Creditors Seek Billions From EchoStar Over Boost Mobile Deal
(DBN)

____________

Bicycles:

Accell goes bankrupt: Raleigh, Haibike, Lapierre riders need to act nowSector expects no delivery problems after bankruptcy of major bicycle manufacturerIrish investment firm steps forward as bidder for Accell
(DBN)

'I know there were other riders owed money... a lot of it' – the collapse of Hess Cycling reportedly left suppliers, staff and riders out of pocket
(DBN)

____________

Crypto:

FTX Bankruptcy Estate Unstakes Over 200,000 SOL Worth Over $15 Million
(DBN)

Lending Against Digital Assets: Five Key Takeaways for Lenders After a Year of Regulatory and UCC Change
(DBN)

____________

Education:

Former charter operator Aspira declares bankruptcy, could keep profit from sale of taxpayer-funded building
(DBN)

Baltimore County missed criminal convictions, bankruptcies before approving Puzzle Pieces charter
(DBN)

____________

Autos:

New York Fed Sees Record Auto Borrowing, Steady Delinquencies
(DBN)

____________

Maritime:

Panama Canal fees hit record high as El Niño and Iran war choke shipping
(DBN)

____________

Entertainment:

David Ellison Threatens to Move Paramount Out of California if State AGs Won’t Negotiate
(DBN)

____________

New Bankruptcy Opinions
(6 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 (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Nevada small-business bankruptcies jump 30% as economic pressures mount, LendingTree says
(DBN)

______________

Corporate Governance:

Special committee investigations in bankruptcy
(DBN)

____________

D&O:

D&O insurance evolves
(DBN)

____________

Bankruptcy Crimes:

Alexandria man indicted on bankruptcy fraud charges after seeking to discharge more than $3.5M in debt
(DBN)

____________

Subchapter V:

Can Attorney For A Dispossessed Subchapter V Debtor Get Paid? (Athena Medical v. Wound Care Specialists)
(DBN)

____________

Aviation:

Singapore Airlines loses almost $800mn on Air India bet — with more pain forecast
(DBN)

____________

Food/Beverage:

63-year-old popular restaurant chain files Chapter 11 bankruptcy
(DBN)

NYC Restaurant Group Behind Café Fiorello Files for Bankruptcy
(DBN)

Why a major Moe’s operator filed for bankruptcy
(DBN)

Small business bankruptcy: Salad and Go’s hard lesson
(DBN)

Wendy's has a massive problem: It's closing restaurants left and right
(DBN)

____________

Healthcare:

Cassidy, Sanders press DOJ on former Steward CEO’s contempt referral
(DBN)

California hospital sues former CEO over property deal
(DBN)

Hospital of Emotions fills defunct medical center with art
(DBN)

Oroville Hospital gets more time to negotiate restructure or sale
(DBN)

Krugman: The Rise of the Measles-Industrial Complex
(DBN)

Krugman: The U.S. Healthcare System is Already Mostly Socialized
(DBN)

51 hospital closures since 2024
(DBN)

‘Hospitals there are running out of options’: Nonprofit systems expand into Pennsylvania as for-profits exit
(DBN)

5 health systems shuttering ASCs
(DBN)

Texas’ ACA enrollment ‘boom’ didn’t happen after all
(DBN)

Texas physician sentenced for issuing 3 million illegal opioid prescriptions
(DBN)

Health insurers are dumping Medicare Advantage plans. Here's how many seniors could be affected
(DBN)

‘We’ve seen fantastic results’: 4 finance leaders on AI’s margin impact
(DBN)

Doctors Warn That Med Students Are Surrendering Their Brains to Medical AIs That Are Even Worse than Regular Chatbots
(DBN)

Trump Compares Common Vaccine to a Nuclear WeaponFactCheck: There are vaccines the size of a “bottle of soda … poured into a little child’s body.” 3 big questions surrounding Trump’s childhood vaccine order Cornyn posts data on vaccines preventing deaths after Trump executive order
(DBN)

Millions of Americans lack adequate access to prenatal care: Report
(DBN)

Trump administration finalizes rule restricting trans healthcare for minors on Medicaid
(DBN)

____________

Celebs:

Shilo Sanders Bankruptcy Case: Bid to Seal Trial Records
(DBN)

Bankruptcy Case Involving Former KGO Host Ronn Owens Dismissed.
(DBN)

____________

Weddings:

Houston brides left in limbo after Crystal Ballroom at the Rice closes
(DBN)

____________

Climate:

It’s Official: This Is the Hottest America Has Ever Been
(DBN)

Chronic heat risk in Europe draws warning from Swiss Re
(DBN)

Europe’s farmers move to the night shift to beat the heat
(DBN)

____________

UK:

BBC commentator Michael Johnson disappeared from TV as allegations emerged
(DBN)

Lime House School firm changes after Genwise insolvency deal
(DBN)

Largest businesses are the country’s worst payers
(DBN)

Consumer confidence hit 21 month high in July
(DBN)

____________

EU:

Europe’s carbon mechanism is a tariff by another name
(DBN)

____________

Canada:

Insolvency filings push Canada toward a historic breaking point
(DBN)

____________

MENA:

Gulf states accept a new normal in Hormuz: Iran is in controlHow Iran Adapted Its Attacks as U.S. War Munitions Dwindled
(DBN)

US fires on ship it says violated Iran blockadeTrump claims total control over Hormuz as US, Iran harden their stancesStrait of Hormuz Traffic Sank To Just Six Vessels Monday
(DBN)

Multistate Water System Attacks Widen, Iran Suspected
(DBN)

Mossad 'toured' Fordow nuclear site many times, ex-spy chief Yossi Cohen says
(DBN)

Israel deliberately starting wildfires in southern Lebanon, firefighters sayHow Israel is making southern Lebanon ‘unliveable’
(DBN)

____________

Japan:

Japan firms face rising bankruptcy risk
(DBN)

Since January, more mobile studios have gone bankrupt in Japan than in the entire year of 2025
(DBN)

____________

China:

As construction slumps and manufacturing automates, 53mn Chinese now work for low wages in food delivery and ride-hailing
(DBN)

____________

India:

NCLAT New Delhi Says IRP Cannot Keep Creditors And Homebuyers Satisfied In Real Estate Insolvency
(DBN)

IBC Amendment Excluding Personal Guarantors from Moratorium Applies to Pending Insolvency Cases: Bombay HC Allows Tata Capital Arbitration
(DBN)

Insolvency proceedings can not be extended to subsidiary: Ex-Supertech developer to SC
(DBN)

____________

Australia:

‘One disaster after another’: Failed pub baron’s former accountant turns on himJohn Adgemis’ former lieutenant flips on boss in court
(DBN)

SMEs choose 'quiet exit' over insolvency as tax debt mounts: Equifax
(DBN)

____________

New Zealand:

High Court liquidates deadlocked trustee companies, rejects shareholder's receivership plan
(DBN)

____________

Russia:

Is Ukraine about to destroy Putin's palace? Now drone strikes hit defenses around £1bn Black Sea mansion 'leaving it unprotected'
(DBN)

____________

South Korea:

Homeplus to reopen all 67 temporarily closed stores
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2025