August 7, 2026

The Daily Bankruptcy News

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Law:

BigLaw drives new grad hiring, new NALP study shows
(DBN)

Biglaw Is Bigger Than Ever, But Its Associate Classes Are Getting Smaller
(DBN)

Big Law’s new private equity era
(DBN)

Former Girardi Keese Attorney Sentenced to Probation Amidst Ongoing Legal Ethics Scandal
(DBN)

Law Schools Spent 30 Years Buying U.S. News Rankings And The Bill Just Came Due
(DBN)

Law firm Simpson Thacher wins malpractice trial over stock sale
(DBN)

Lawsuit Highlights Risks of Ex-Employees Misusing Corporate Social Media AccountsCourt Restrains Former GC for Allegedly Hijacking Company’s Social Media with Extremist Imagery
(DBN)

Skadden Reply to Trump Legal Services Query Slammed by Democrats
(DBN)

DOJ: Duke Law intentionally discriminated based on race in admissions
(DBN)

Biglaw Firm Facing RICO Claims Loses Motion To Compel Arbitration
(DBN)

DC’s Top Legal Ethics Cop Becomes Key Target of Trump’s DOJ
(DBN)

61% of legal professionals would accept less money to work remotely, recent study says
(DBN)

Federal judge fines attorney for AI mistakes in taco biz beef
(DBN)

AI Doesn’t Need Your Data. It Needs Your Workflow.
(DBN)

Debevoise Banks on Partner Loyalty to Build Curated AI Products
(DBN)

California Nears Becoming First to Set Attorney AI Guardrails
(DBN)

Law school diversity standard could be axed this month, despite House of Delegates opposition
(DBN)

Florida Bar takes over lawyer addiction program
(DBN)

Woman Who Went Into Cardiac Arrest During NY Bar Exam Sues Hofstra — But Not The Bar Examiners
(DBN)

Washington Top Court Waives Bar Test for Some After July Mishap
(DBN)

Trump leaves Pirro’s future unsettled as Blanche defends his authority
(DBN)

Senate committee votes to hold Fauci in contempt of Congress Fauci’s lawyer accuses Paul of abusing his power by trying to ‘weaponize the Justice Department’Pirro’s office is the next stop for Fauci’s contempt charge
(DBN)

Maine implores judge to dismiss Trump admin lawsuit over license plates
(DBN)

The DOJ Has Betrayed Epstein Survivors — New Mexico Is Suing Over The Latest Issue
(DBN)

DOJ’s Lawsuit Against D.C. Bar Counsel Sparks ‘McCarthyism’ Accusation
(DBN)

Airlines push back against ICE enforcement at airportsWhy do Latinos work for ICE?ICE 'coerced' legal resident into signing document they'd use to deport him: JudgeICE will release body camera video only when seen in the agency’s ‘best interests,’ policy saysTrump’s New Executive Orders on Birthright Citizenship Set Stage for Supreme Court ShowdownTrump’s Executive Orders on Birthright Citizenship Reignite Legal and Political Debates
(DBN)

Man heading back to work after lunch gets shot dead by passenger of another car: Police
(DBN)

2 brothers gunned down by 'ticking time bomb' neighbor while backing out of driveway: Cops
(DBN)

Mom and daughter both killed by 73-year-old neighbor who opened fire over noise complaint
(DBN)

Woman stabbed roommate who wouldn't move out, chopped up her body and kept it in basement
(DBN)

Stepmom let her 11-year-old run alongside car in parking lot — until she ran him over
(DBN)

3 arrested after loose dog pulled toddler girl into woods and mauled her to death: Cops
(DBN)

Woman attacked in Hobby Lobby parking lot by female road rager over turn signal: Police
(DBN)

Man killed roommate with 'tent stake,' stuffed body into a tote, then threw it off a cliff
(DBN)

Man tried to murder his wife, fell asleep, then attacked paramedic who woke him up: Police
(DBN)

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Judges:

Should Bankruptcy Judges Mediate Cases Pending Before Them?
(DBN)

‘Is she even allowed to be doing this?’: Inside a federal judge’s side gig running a PR firm
(DBN)

Fn. 51
(DBN)

What is “trapped in amber”? An originalist explanation
(DBN)

This federal judge ruled against Trump. Then the threats began.
(DBN)

Beyond the swing justice: majority makers, dissent bridges, and coalition drift on the Supreme Court
(DBN)

US federal judge halts order for Trump to turn over financial records to BBC'Careful' judge hands Trump a major reprieve on day of significant discovery deadline
(DBN)

Adam Schiff Has Had It With Trump’s Election-Denying Judicial Nominees. Same, Honestly.
(DBN)

Senator Weighs Ethics Complaint Over Judge’s Alleged Conflicts
(DBN)

Fired immigration judge sues to get her job back
(DBN)

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Wall Street:

S&P 500 futures tick higher as traders await big jobs report
(DBN)

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Layoffs:

Delaware Court Offers New Guidance on WARN Act Defenses for Distressed Employers - Weil Restructuring
(DBN)

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Wind Energy:

Trump administration will buy back company’s offshore wind leases off 3 states in $1.2B deal
(DBN)

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Climate

In a Hurricane-Season Twist, the West Coast May Be the One to Watch
(DBN)

Firefighters start to contain Washington state wildfires as tens of thousands remain displaced
(DBN)

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Pageants:

Miss North Carolina USA stripped of title after alleged racist posts resurface
(DBN)

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Media:

Federal Communications Commission scraps limit on broadcast TV ownership
(DBN)

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Water:

In Puerto Rico, water pipes are breaking and taps are running dryMore than 100 days without water: The crisis hitting thousands in Puerto Rico, on top of the blackouts
(DBN)

NJ water utilities hit by cyberattacks with suspected link to Iran
(DBN)

Rogue AIs aren’t just outsmarting humans – they’re teaming up
(DBN)

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Cannabis:

‘We’re looking at bankruptcy’: Virginia hemp businesses sue to stop new rules from taking effect
(DBN)

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Construction:

Is Unregulated Alternative Debt Ruining the Construction Sector?
(DBN)

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Economy:

The dollar’s global dominance is starting to slip. This was the tell.
(DBN)

Trump Said to Call Warsh In Latest Signal of Push to Remake FedKevin Warsh Wants a New Fed. The Markets Are Not SureKevin Warsh to stick with lean Fed messaging despite market backlash
(DBN)

Retailers Are Selling Economic Rights To Their Potential Tariff Refunds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

$20 million contractor fight drives Austin apartment owner into bankruptcy
(DBN)

Sixth Circuit Slashes Attorney Fees in Michigan Foreclosure Case, Signaling Stricter Judicial Scrutiny
(DBN)

Colorado Homeowners Allege Mortgage Collector Can’t Prove It Owns Their Loan
(DBN)

New York’s Foreclosure-Abuse Law Sinks Lender’s Stale Mortgage Claim
(DBN)

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Municipalities:

National City Is Headed Toward Insolvency. Why?
(DBN)

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Oil/Gas:

Crude retreats but fuel prices stay high
(DBN)

Could over-investment in natural gas drive up US electricity bills?
(DBN)

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Celebs:

Toni Braxton resolves 6-figure tax debt years after bankruptcy
(DBN)

Shilo Sanders wants his $11.89M bankruptcy trial records sealed
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Trump is resurrecting the Red Scare
(DBN)

Trump FactCheck: In Venezuela, “We’re making hundreds of billions of dollars (in oil revenue), and so are they.”
(DBN)

Major Republican fundraiser winning contracts from Trump administration, emails reveal
(DBN)

The Senate has become an annoyance to Donald Trump
(DBN)

House Republican Rips Trump Admin Taking Stakes In 30 Private Companies: ‘Not the Conservative Position’
(DBN)

Trump tells donors, 'We need to elect JD,' as vice president weighs his futureInsults, Expletives and Fat-Shaming: Vance Trolls Critics on the Right and Left
(DBN)

Trump, Hegseth clashed at Camp David over Iran missile depletion concernsTrump vows jail for ‘treasonous leakers’ over missile shortage report in latest Truth Social rantTrump denies report that he is upset with HegsethTrump denies US low on key munitions in war with Iran after reports of shortages
(DBN)

Trump’s ‘Golden Fleet’ of battleships to cost $275 billion, CBO says
(DBN)

Kennedy Center board to vote on closure next week
(DBN)

Elon Musk’s DOGE made big errors in claims of government savings, GAO findsGAO finds Elon Musk’s DOGE inflated claims of $110 billion in savings for federal government
(DBN)

Trans Woman Brandished Firearm. Gun Rights Devotion Disappeared
(DBN)

Moderate Democrats Prepare for ‘War’ Against an Ascendant Left
(DBN)

In Texas’ Most Eligible Senate Race, It’s Bachelor vs. Divorcé-to-Be
(DBN)

Secret bot army boosting Mamdani on X may have just been traced back to his City Hall
(DBN)

Ohio’s other GOP senator calls on Rep. Max Miller to resign
(DBN)

Sen. Mitch McConnell says he’s left rehab, will work from home
(DBN)

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Tech:

The Simple Way to Stop the Hidden AI Bailout: Rewrite Bankruptcy Law
(DBN)

The Investors Whose SpaceX Shares Vanished Before They Could Cash In
(DBN)

Artificial Intelligence used to design brand new virusesAI creates first synthetic viruses
(DBN)

Meta AI Model Hacked Outside Company, Adding to Concerns Over Rogue Bots
(DBN)

Meta Must Pay $567 Million to New Mexico for Youth Harm FundUS court tells Meta to pay nearly $1bn penalty over social media harm to children
(DBN)

The Argentine ranch where tech CEOs plan to ride out the apocalypse
(DBN)

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Sports:

7 burning questions for LIV Golf amid claim of new fundingLIV Golf announces a 2.0 with 10 tournaments
(DBN)

New NFL TV deals 'on hold'
(DBN)

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Summer Camps:

Camp Mystic Aims to Stop Family Lawsuits Against Leaders, OwnersCamp Mystic sues to protect Eastland family members in bankruptcy court
(DBN)

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Comic Books:

The Diamond Comics Bankruptcy War Is Over, But The Odyssey Is To Come
(DBN)

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Fintech:

Billionaire’s financial data group Ion chased by landlords for overdue rent
(DBN)

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Software:

Airtable’s cut-price sale is just the start for software also-rans
(DBN)

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Agribusiness:

El Niño threatens to disrupt the world’s most-traded commodities
(DBN)

Nebraska regulator files complaint against The Andersons after unpaid farmer claim
(DBN)

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Food/Beverage:

38-unit Moe's Southwest Grill franchisee files Chapter 11 bankruptcy
(DBN)

Birmingham restaurateur Nick Pihakis files for Chapter 7 bankruptcyPihakis files for bankruptcy, claims $44 million debt in Birmingham restaurant empire collapseRodney Scott's former business partner files for bankruptcy; over $44M in liabilities
(DBN)

Dutch Bros paid a premium for Salad and Go's leftovers
(DBN)

Americans are losing their appetite for fast food
(DBN)

Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
(DBN)

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Apparel:

Mud Jeans files bankruptcy after failing to overcome debt burdenMUD Jeans Bankruptcy Exposes Cotton Supply Chain Pressure
(DBN)

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Autos:

Why Canoo Collapsed: Strategy Shifts, Financial Struggles, And Bankruptcy
(DBN)

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Bicycles:

Raleigh, Ghost Bikes and Lapierre future in doubt as owner declares insolvencyKKR’s €1.8bn Cycling Bet Ends in Insolvency, Leaving Raleigh and Babboe Adrift
(DBN)

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  New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

U.S. Bankruptcy Filings Rise 12.2%; Chapter 7 Bankruptcy Cases Account for 74% of the Increase
(DBN)

Puerto Rico bankruptcies jump 20% Y-O-Y in July to 556 filings
(DBN)

Bankrupt at 28
(DBN)


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Exculpations:

Crypto Platform Voyager’s Liquidation Advisers Stripped of Protections
(DBN)

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Bankruptcy Reform:

Senator Coons, Colleagues Celebrate Passage of Bankruptcy Relief Bill
(DBN)

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Mass Torts:

California sues DuPont over alleged effort to avoid ‘forever chemicals’ liabilitiesDuPont accused of shuffling insurance assets to dodge forever-chemicals payouts
(DBN)

San Francisco Catholic Church Makes $395 Million Settlement With Abuse Survivors
(DBN)

Judge orders more mediation in Archdiocese of Baltimore bankruptcy caseJudge rejects settlement plans by both Baltimore Archdiocese, abuse survivors
(DBN)

Bankruptcy Court Allows Survivors' Committee to Sue Diocese of Burlington, Its Parishes, and The Trusts Holding Hundreds of Millions in Assets
(DBN)

Uniroyal Rolls into New Jersey with Asbestos Bankruptcy Filing
(DBN)

Mesothelioma Victims' Families Wait Years as Georgia-Pacific Bankruptcy Drags On
(DBN)

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Miscellaneous:

AIRA Journal
(DBN)

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Standing:

Standing Of A Bankruptcy Trustee To Bring Alter Ego Claims: The General v. Personal Distinction (In re Kwok)
(DBN)

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D&O:

Legal Fees and Expenses Gone Wild Thanks to a Corporate Law Loophole
(DBN)

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Consumer Bankruptcy:

Semrad Law Firm waives fees after U.S. Trustee inquiry into bankruptcy filings
(DBN)

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Trusts:

Children’s Trust Held To Be Self-Settled Trust As To Creditors In Kittrell
(DBN)

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Litigation Finance:

Burford Cuts Management Roles to Save $10 Million After YPF Loss
(DBN)

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MCAs:

Camp Owner Bankruptcy Puts Merchant Cash Advance Firms in a Bind
(DBN)

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Education:

An Israeli professor lost a prestigious US job offer after speaking out on Gaza. Now the university is paying him $250,000
(DBN)

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Retailing:

QVC Group exits bankruptcy after reducing debt by over $5bln, CEO steps down
(DBN)

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UK:

Government resists calls for university insolvency regime
(DBN)

40% of middle income earners struggle to cover a £300 bill
(DBN)

UK Drivers Take To Fuel Theft amid War-Driven Price Surge
(DBN)

Company director who avoided court by claiming to be in a coma is jailed for hiding behind others to run football magazine business while banned
(DBN)

Parents haggle with private schools over fees as VAT pushes up costs
(DBN)

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Canada:

Toys 'R' Us Canada owes $160M and may never repay: 53 stores closed, Paw Patrol's creator among the unpaid
(DBN)

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Cuba:

C.I.A. Sets Up Secret Cuba Task Force as Trump Pressures Havana
(DBN)

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MENA:

Trump’s Gaza Board of Peace issues first building contract – for a military base
(DBN)

Iran Plans To Ban US, Israeli Ships From Strait Of Hormuz Under New Oman Deal: ReportsTrump Says Hormuz Talks ‘Moving Along’ Even as Iran Mulls US BanIran’s chief negotiator accuses Trump of ‘theater diplomacy’ with Hormuz traffic near standstill
(DBN)

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Russia:

Ukrainian attacks on Wildberries strike at heart of Russia Inc Russia’s Wildberries Nears Bankruptcy After Ukrainian Strikes as Rescue Could Cost 25% of Russia’s Budget Deficit.
(DBN)

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Mexico:

Mexico deploys hundreds of troops to secure avocado heartlands
(DBN)

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Japan:

Zentoshin Bankruptcy: Recovery Concerns at 34 Regional Banks and Shinkin Banks Swell to Over ¥53.9 Billion; Nearly Half of Loans at Risk of Default
(DBN)

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India:

Why Narendra Modi’s economic model is not working for India’s youth
(DBN)

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China:

China’s exports jump almost a quarter in July
(DBN)

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Bulgaria:

Travel agency files for bankruptcy, dozens of flights canceled
(DBN)

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Australia:

Unfair Preference Claims After Badenoch And Morton: Where The Law Stands
(DBN)

Jon Adgemis delays his day in court as he attempts to lock ATO out
(DBN)

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Denmark:

One of Denmark’s largest and most controversial electricity companies declared bankruptcy after years of complaints over electricity sales
(DBN)

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