February 23, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top Global Biglaw Firm Announces Nonequity Partnership Tier, Expands Lockstep Compensation
(DBN)

Nemecek’s Simpson Move Refuels the Bankruptcy Hiring Super Cycle
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As McGlinchey Stafford prepares for shutdown, the Louisiana firm files for bankruptcy
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After Baker McKenzie's Cuts, Layoffs Expected in Other Law Firms. Don't Only Blame AI
(DBN)

BigLaw sees opportunity to support trillion-dollar data centers
(DBN)

Les Wexner’s Lawyer’s Deposition Advice: ‘I’ll F-ing Kill You If You Answer Another Question With More Than Five Words, OK?’
(DBN)

Pashman Stein Walder Hayden P.C. Expands Bankruptcy, Restructuring & Creditors’ Rights Practice
(DBN)

DoJ cases against protesters keep collapsing as officers’ lies are exposed in courtBill of Rights put to the test over Trump's immigration crackdown in Minnesota
(DBN)

DHS Confirms Third US Citizen Killing After Newsweek Investigation
(DBN)

Man shot dead after 'trying to enter Trump's estate'Armed with shotgun & fuel canWho Was Austin Tucker Martin? Man Killed by Secret Service at Mar-a-Lago
(DBN)

Nancy Guthrie kidnapping case sheriff castigated over 'highly unusual' decisions
(DBN)

Almost Half of Jury Pool in Musk Trial Tossed After ‘So Many’ Said They ‘Hate’ Him
(DBN)

Florida AG stands by $100K teaching stipend at anti-corruption event, halts reporter questions
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TN bill would allow death penalty for women who have abortion
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He wrote a murder mystery. His death in an assisted living home is now one.
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Judges:

NJ: Appointment of Eamonn J. O'Hagan as Bankruptcy Judge
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Supreme Court Puts a Clock on Attacking “Void” Judgments
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Supreme Court strikes down tariffs Trump calls Supreme Court justices 'disloyal to the Constitution' over tariffs rulingTrump "absolutely ashamed" of SCOTUS for tariffs rulingWait for Supreme Court tariff decision reveals potential fallout In tariff case, Supreme Court justices bicker over treating Trump and Biden differentlyShocker! SCOTUS Schools POTUSDivide Among Supreme Court’s Conservatives Could Test Trump’s Agenda‘A Win for the Separation of Powers’: Some Republicans Celebrate Supreme Court Ruling Against Trump’s TariffsA breakdown of the court’s tariff decisionTrump defiant on tariffs in Georgia, lambastes waiting ‘forever’ for Supreme Court ruling
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Supreme Court Justices Hate Each Other Like Poison
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Supreme Court Justices' lives at risk due to 'incredibly dangerous' Trump move: attorney
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The President Has A Personal Connection To His Latest Judicial Nominee Trump picks former personal lawyer from E. Jean Carroll case for 8th Circuit judicial vacancy
(DBN)

Who is Victor Schwartz? Wine Importer Who Beat Trump at the Supreme Court
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Supreme Court punts tariff refund decision on obscure trade court
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Slavery exhibit court fight tests how America tells its founding story
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Wall Street:

 

S&P 500 rises, Dow gains 200 points after Supreme Court strikes down Trump emergency tariffs
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Listless US Stock Market Masks Record Volatility Beneath Surface
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Layoffs:

You could burn through $50,000 covering an unemployment stint in today's market
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Lucid Motors slashes 12% of its workforce (816 jobs) as it seeks profitability
(DBN)

Sheraton hotel in Salt Lake City to close, lay off 100 workers
(DBN)

GXO Logistics to lay off 185 workers at Memphis facility
(DBN)

Arrow Fastener in N.J. to lay off 140 workers in 2026
(DBN)

Alvord schools OK 123 layoff notices for next school year
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Walgreens cuts 600 jobs after acquisition
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Entertainment:

Trump demands Netflix fire Susan Rice as DOJ probes Warner dealHere’s exactly what Susan Rice said that caused Trump to call for Netflix to fire her from its boardOutrage as Trump ‘demands firing’ of corporate board member: ‘This is how dictators act’
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Debt Collection:

Consumers Feel Less Judged By AI Debt Collectors
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Education:

The 18 highest-paying college majors 5 years after graduation
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Not all degrees are a waste of time: MBA graduates from Harvard, MIT, and Wharton are making over $245,000 just three years after graduating
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The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
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Why adults pursuing career growth or personal interests are the 'new majority' student
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Celebs:

Did James Van Der Beek Really Die Broke?
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Religion:

Faith leaders accuse White House Faith Office of stonewalling them
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Congress must act so I can finally pray in peace
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Tech:

China’s kung fu robots are a wake-up call for the West
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Tech companies are making their robots cute to try and win over humans
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CoreWeave and Blue Owl are stress tests for the AI trade
(DBN)

Why people are buying iPods again
(DBN)

More personal ChatGPT use could boost ads
(DBN)

Sam Altman would like to remind you that humans use a lot of energy, too‘It Also Takes a Lot of Energy to Train a Human’
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Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
(DBN)

After a deadly raid, an AI power struggle erupts at the Pentagon
(DBN)

Barrage of Emails From AI Politics Platform Defeats Clean Air Initiative
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Cities Are Shredding Their AI Surveillance Contracts en Masse
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Consumer Protection:

GAO Details CFPB Reorganization, Funding Cuts, And Litigation
(DBN)

White House Report Says CFPB Has Cost Consumers Up To $369B
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Chemicals:

Trinseo lenders preparing for potential Chapter 11
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Crypto:

FTX Was Solvent and Creditors Received 143% In Repayments: SBF Says
(DBN)

Bitcoin Falls Below $65,000 in Latest Bout of Tariff Uncertainty
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Trucking:

Kansas-based carrier files for Chapter 11 bankruptcy
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Economy:

Trump says he's enacted a 10% global tariff by executive order'I can destroy the country': Trump's rant after Supreme Court strikes down his key policyEconomist calls out Trump while dropping stark warning about US dollar: 'Will happen soon' What Does the Supreme Court’s Tariffs Decision Mean? Trump to hike global tariffs to 15% from 10%, ‘effective immediately’ Global Trade Confusion Returns as Trump Overhauls Tariff Toolkit Trump Pegs New Tariffs to a Payments Crisis Experts Doubt Exists Trump signals new tariffs plan. Here's how Section 122 works Trump’s New Trade Agenda Is on a Collision Course With Midterms The ‘gift’ Democrats think Trump just gave themTrump Aides Project Confidence on Tariffs After Court LossBusinesses win big as Supreme Court strikes down Trump tariffs'The damage cannot be refunded': How small businesses are reactingFive key takeaways from the Supreme Court’s landmark decision against Trump’s tariffsIndia delays Washington trade visit as U.S. tariff policy shifts, source tells CNBCIn Dallas, US Treasury Secretary says Supreme Court ruling removes President Trump's ability to quickly leverage tariffs What the Supreme Court ruling against Trump tariffs means for your moneySupreme Court blunts President Trump's energy weapon U.S. trading partners cheer Supreme Court tariff ruling — but businesses navigate ‘murky waters’EU says US must honor a trade deal after court blocks Trump tariffsThe White House Tariff Loss Gives Europe the Ammo to Fight BackIndia Sees More Options on US Trade Deal After Tariff Ruling UK Risks Being the Biggest Loser From Trump’s Tariff Changes A familiar uncertainty as the world grapples with fresh Trump tariff turmoilBusinesses celebrate win at Supreme Court over Trump on tariffs Supreme Court ruling against Trump tariffs will offer relief, businesses say Treasury secretary gets testy when asked if Trump will refund tariffs‘A big mess’: Major uncertainty over whether Trump has to refund tariffsCompanies fought for tariff refunds even before Supreme Court ruling
(DBN)

Fourth-quarter U.S. GDP rose just 1.4%, badly missing estimate; inflation firms at 3%GDP growth falls short of forecast, slowed by federal shutdown
(DBN)

US business activity growth slows as Europe picks up pace
(DBN)

Trump’s Challenge to Free Market Capitalism
(DBN)

Subprime Demand Drives US Loan Growth To New Heights
(DBN)

Economic data point to soft start to 2026, Conference Board says
(DBN)

Firm of Trump official's family denies report it stands to make fortune from tariff rulingHoward Lutnick’s old firm did not, in fact, profit from Supreme Court tariff ruling
(DBN)

'Literally a lie': Economist thrashes Trump's 'best story' about the economy
(DBN)

‘Peanut butter’ pay raises could cost companies their top performers, experts say: ‘It’s such a shortsighted strategy’
(DBN)

Shutdown at D.H.S. Extends to Cyber Agency, Adding to Setbacks
(DBN)

Map Shows States Trying To Advance Higher Taxes on the Ultra-Wealthy Pro-billionaire tax campaign warns of hospitals shutting down in 1st TV ad
(DBN)

Surging Consumer Loan Delinquency Rates Impact On The U.S. Economy
(DBN)

CFOs on the Hot Seat as Turnover Hits 7-Year High
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US Debt Clock
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World Debt Clock
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Real Estate:

Justices to consider constitutionality of tax foreclosure sales
(DBN)

US Home Sales See Biggest Decline in a Year
(DBN)

New Home Sales at 745,000 Annual Rate in December
(DBN)

US Mortgage Delinquencies Are Rising
(DBN)

Architecture "Billings remain soft to start 2026"
(DBN)

Homebuyers are paying more for mortgage credit checks. Here’s why
(DBN)

The Retired Boomers Using Their ‘Third Act’ to Tackle Housing Shortage
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Municipalities:

ME: Bankruptcy bill amended to force county governments to conduct timely audits
(DBN)

Texas cities dominate list of most financially distressed US major metros
(DBN)

Blue Cities and States Are in Trouble. Democrats Need to Change How They Run Them.
(DBN)

Small towns in Arkansas Delta and beyond struggling with debt-ridden, aging water systems
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Private Equity:

Private Equity’s Dry Spell Now Worse Than 2008 Crisis, Bain Says
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Politics:

Tracking approval and key issues
(DBN)

Map Shows Donald Trump’s Approval Rating in Every State After 13 Months
(DBN)

Vanity Fair Goes to the White House: Trump 2.0 Edition
(DBN)

The Crisis in Polling Is a Problem for Democracy
(DBN)

Tariff ruling traps GOP leadersWhat Trump's tariff loss means for his agenda
(DBN)

A high-stakes State of the Union just got harder for TrumpDemocratic response to Trump's SOTU becomes a crowded affairSome in GOP privately cheer SCOTUS rebuke of TrumpSummer Lee to deliver the left's SOTU response
(DBN)

Trump’s Unhinged Tantrum Is Just the Beginning. Buckle Up
(DBN)

Noem tightens her grip on DHS Noem secretly plots new job to dodge being impeached
(DBN)

Inside the rotting skeleton of Jeffrey Epstein’s ‘Lolita Express’ planeInside Epstein’s ‘last refuge’ ranch with ‘buried bodies’ and celeb guests as full scale of horror is yet to be revealedGOP congressman pounces after Alex Jones accuses him of Epstein cover-up
(DBN)

JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack on the Capitol
(DBN)

Congress could get a healthy pay raise, courtesy of the courts
(DBN)

JD or Marco? Trump asking advisers about 2028
(DBN)

Trump opens the alien files: Why Americans lean into conspiracies
(DBN)

The 36-Year-Old Bible Scholar Trying to Flip a Texas Senate Seat Blue
(DBN)

Democrats' fear rising that too many candidates in governor's race could lead to a Republican victory
(DBN)

'No thanks': Greenland leader gives icy reception to Trump's bizarre hospital ship planTrump’s talk of sending a hospital ship to Greenland puzzles leadersDanish military evacuates U.S. submariner who needed urgent medical care off Greenland
(DBN)

Hunter College Responds After Viral Video of Professor’s Racist Remarks
(DBN)

MAGA Rep Torches GOP Senator in Defense of AOC
(DBN)

Only a fraction of House seats are competitive. Redistricting is driving that lower
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Movie Theaters:

Hollywood merger threatens movie theaters
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Gift Cards:

Costco coming to the rescue for customers who bought gift cards from bankrupt company
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Resorts:

Sixty Sixty Resort Pulls Last-Second Bankruptcy Hail Mary On Miami Beach
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Private Credit:

Blue Owl Anxiety Rattles the $1.8 Trillion Private Credit MarketBDC Quarterly Analysis: Blue Owl Capital Corp. Nonaccruals Fall to 1.1% at Fair Value; Participates in $1.4B Blue Owl BDC Asset Sale at 99.7% of Book
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Food/Beverage:

Americans Can’t Quit Steak, No Matter the Cost
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Wind Energy:

Clay County Texas Wind Farm Goes Bankrupt and Leaves Land Reclamation in Question
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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (26 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Limitations:

Amending A Complaint After Statute Of Limitations Expires? (In re Art Institute)
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Sales:

Unsuccessful Bidder Challenges $95 Million Bankruptcy Auction, Offers $107 Million for Miami Holiday Inn Property
(DBN)

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Aviation:

Brazil's airline Azul exits Chapter 11 bankruptcy proceedings Azul concludes restructuring process and emerges from Chapter 11 in the US
(DBN)

Avenger Flight Group, Aviation Simulator Provider to Major Airlines, Files Chapter 11 to Pursue Sale of Assets
(DBN)

US Airports Suspend Most Flights Along East Coast Amid Blizzard
(DBN)

Trump admin reverses course, TSA says PreCheck will remain operational for nowTSA PreCheck is open at airports, agency says, hours after DHS announced suspension
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Retailing:

Saks Global Receives Final Approval on Bankruptcy Funding
(DBN)

Saks Secures $1 Billion Bankruptcy Lifeline, but These Stores Are Still Closing
(DBN)

Saks Global, Part 3: The Walmartization Of Saks Fifth Avenue
(DBN)

Sporting goods supplier to 20,000 retailers enters bankruptcy after 71 years
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Tourism:

11 Million Visitors Short: Inside America’s Continuing Tourism Slump
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Europeans ‘canceling holidays because of Trump’
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Healthcare:

Yale New Haven Health reports $200M loss for fiscal 2025 as warning signs flash for state's hospital industry
(DBN)

Growing its way out of debt: The Accura Healthcare rebound
(DBN)

Even with insurance, many Americans face financial hardship after traumatic injuries, UW study finds
(DBN)

RFK Jr. Saying He Thinks Glyphosate Causes Cancer Resurfaces
(DBN)

RFK Jr.’s focus on viral nonsense is putting children’s lives at risk
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Media:

CBS News is convulsing as Larry Ellison tries to please Trump
(DBN)

Donald Trump Calls On Netflix To Fire Board Member Susan Rice Or “Pay The Consequences”
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Sports:

USA wins Olympic gold 46 years after 'Miracle' with OT win over Canada
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Climate:

Northeast faces blizzard warnings with up to 2 feet of snow projected for NYC and Boston
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Student Debt:

One In 4 People Are Behind On Student Loans
(DBN)

U.S. Student Loan ABS Defaults Elevated in 4Q25; Refi PSL Delinquencies Hit Highs
(DBN)

Trump Administration Issues Warning To Hundreds Of Colleges With Low Student Loan Repayment Rates
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UK:

Lending to businesses forecast to slow to 3.5% this year
(DBN)

Market Financial Solutions enters administration after 'unexpected' banking issue
(DBN)

Featherstone Rovers were almost £3 million in debt when entering administration
(DBN)

Consumer credit growth forecasted to remain flat in 2026
(DBN)

Small businesses warned over April cost crunch
(DBN)

UK Risks Political Battle with Plans for Special Needs Reform
(DBN)

Ex-Prince Andrew cried ‘I’m the Queen’s son’ as he was booted from Royal Lodge: reportEx-Prince Andrew may be removed from line of succession after bombshell arrest
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EU:

Europe’s military buildup could create a bond market powerhouse that threatens U.S. Treasurys
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Canada:

Toys ‘R’ Us accused of dishonest behavior and questionable transactions following insolvency
(DBN)

LJM Hamilton Tower Placed Under Creditor Protection Amid Company's Liquidity CrisisStoney Creek condo developer granted creditor protection to restructure
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MENA:

Lindsey Graham frets that Trump's advisers oppose Iran strike
(DBN)

Trump's Iran options: "Token" nuclear enrichment to taking out Khamenei
(DBN)

Trump Approaches Legacy-Defining Moment on Iran: A Deal or War
(DBN)

Trump can't remember whether he 'obliterated' Iran's nukes
(DBN)

Tucker Carlson apologizes for falsely saying President Herzog visited Epstein's island
(DBN)

Inside Iran’s Preparations for War and Plans for SurvivalKhamenei takes steps to ensure succession amid rising fears of US strikes, assassination
(DBN)

Iran issues direct threat to US in chilling new video after Trump's 10-day ultimatum
(DBN)

Iran could be close to enriching uranium for bomb-making material, US envoy Steve Witkoff claims
(DBN)

University students hold new protests in Iran around memorials for those killed
(DBN)

Arab Leaders Condemn Remarks by U.S. Ambassador to Israel Middle East Leaders React to Huckabee Comment on Israel Taking Over RegionTrump's ambassador ignites international firestorm with 'deranged' new remarksOutcry after Ambassador Mike Huckabee suggests Israel has God-given right to Middle East land
(DBN)

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Russia:

From bakeries to beauty shops, Russian businesses are feeling the pain from a new wartime tax policy
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The ‘sky assassins’ that could decide fate of Ukraine war
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China:

Fantasia wins creditor approval for offshore debt restructuring
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Mexico:

Cartels Attack Puerto Vallarta - City in Lockdown - Fires Rage Over Area
(DBN)

Mexican Forces Kill Nation’s Most-Wanted Cartel BossMexican army kills leader of powerful Jalisco New Generation Cartel during operation to capture himUS Asks Citizens in Mexico to Shelter After Cartel Leader Killed
(DBN)

 

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