January 2, 2025

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:

The High Cost Of Biglaw Equity Partnership
(DBN)

Bankruptcy Lawyer Rates Top $3,000 an Hour
(DBN)

Mamdani Selects Ex-Paul Weiss Counsel Steven Banks as NYC's Top Lawyer|
(DBN)

Why top law firms are paying out six-figure bonuses to stop young lawyers from quitting
(DBN)

7 Predictions For 2026 That Should Come True But Won’t
(DBN)

The rise of DTLA: Car crashes, costly surgeries and a $4-billion sex abuse settlement
(DBN)

Meet the Elon Musk lawyer who's also literally a clown
(DBN)

ICE deports single dad of 6 American children after 34 years in the US British comedian claims he was denied entry to the US over Trump social media postsICE faces ticking time bomb created by Trump: expert African countries ban Americans in revenge for Trump crackdownTrump rips Karen Bass after remarks on Hispanic Border Patrol agents DHS's social media post sparks fresh outrageThe Trump administration's plan to close a 'huge loophole' in legal immigrationOff-duty ICE officer allegedly kills man firing gun outside apartment complex: DHS New Trump-ordered immigration restrictions go into effect Jan. 1California delays cancellation of thousands of migrant trucker licenses
(DBN)

Capitol riot ‘does not happen’ without Trump, Jack Smith told CongressJack Smith told lawmakers Trump was 'the most culpable' in election interference case, deposition transcript showsJack Smith deposition reveals plans for trial, possible charges against co-conspiratorsRead: Jack Smith deposition transcript
(DBN)

DOJ pulls back from foreign bribery cases
(DBN)

US fines for dirty money drop 61% as Trump retreats from enforcement
(DBN)

Videos released in Epstein files raise fresh questions about jail footage
(DBN)

Oyster, crab, lobster thieves strike back-to-back in New England
(DBN)

Prominent California farmer charged with killing estranged wife held on $5.5 million bail
(DBN)

Plaintiff Accuses St. Vincent of Negligent Stage-Diving
(DBN)

Dentist and wife found fatally shot inside home with their 2 crying kids inside — suspect on the loose
(DBN)

______________

Judges:

Trump humiliated as courts force National Guard retreat from Chicago LA and PortlandTrump scraps National Guard deployments to Chicago, Los Angeles and Portland
(DBN)

Courts versus Congress: The rise of lawfare in US policymaking
(DBN)

Did Brett Kavanaugh Just Apologize for Butchering the Fourth Amendment? Maybe.
(DBN)

Chief Justice John Roberts says nation's legal foundation unshakenChief justice says Constitution remains 'firm and unshaken' with major Supreme Court rulings ahead
(DBN)

5 things to know about the Supreme Court's end-of-year report
(DBN)

______________

Wall Street:

Stock futures rise on first trading day of 2026
(DBN)

Global stocks post third straight year of double-digit gains
(DBN)

______________

Layoffs:

'Devastated': Thousands of employees laid off in Pa. in 2025 at hospitals, offices, more
(DBN)

AI forecast to put 200,000 European banking jobs at risk by 2030
(DBN)

______________

Retailing:

Retail Apocalypse: Retailers closed thousands of stores in 2025
(DBN)

Closed for Good: The Great Retail Vanishing Act of 2025
(DBN)

Cash-Strapped Saks Skips Bond Payment Amid Talks With Creditors Saks Group reportedly preparing to file bankruptcy after missing debt payment Saks Fifth Avenue ‘on verge of bankruptcy’ plunging future of iconic American brand into jeopardy Saks skips $100 million payment and heads to bankruptcy court, here’s what comes next for luxury retail icon As its parent company Saks Global reportedly inches toward Chapter 11, what's next for storied Neiman Marcus brand?Neiman Marcus Downtown Faces New Uncertainty as Saks Global Bankruptcy Appears Imminent
(DBN)

Chinese and Asian suppliers in limbo over fashion chain Claire’s bankruptcy
(DBN)

____________

Healthcare:

Deadline extended for Jackson Hospital bankruptcy proceedings
(DBN)

Health subsidies expire, launching millions of Americans into 2026 with steep insurance hikesThe New Year health-insurance shock facing millions of Americans US health insurance costs to rise by 114% for millions as subsidies expireDemocrats are ready to campaign on expired Obamacare subsidies
(DBN)

Tom Steyer: ‘We need single-payer health care’
(DBN)

The Psychology of Greed in Healthcare
(DBN)

Flu cases are rising with a new strain that makes older people sicker
(DBN)

Superbug hits 27 states: Here’s where the deadly fungus is spreading
(DBN)

Medicaid, ICE and a ticking clock for undocumented Californians
(DBN)

____________

Tax:

Hochul to put forward ‘no tax on tips’ proposal in New York
(DBN)

____________

Theme Parks:

Beloved Dolly Parton theme park Dollywood quietly shuts down for months after slew of problems
(DBN)

____________

Media:

New ‘CBS Evening News’ anchor pledges transparency, urges viewers to hold him accountable
(DBN)

CBS News's star new hire, 48, sets internet ablaze by filming himself on shirtless trail run as he prepares for next gig
(DBN)

____________

Food/Beverage:

Sprinkles, known for celeb fans and cupcake ATMs, shuts down abruptly
(DBN)

6 coffee shops most likely to go bankrupt in 2026
(DBN)

A BBQ chain just filed bankruptcy and blamed beef costs for the squeeze
(DBN)

Here are over 100 LA restaurant closures in 2025. Many just couldn't make this work anymore
(DBN)

Bourbon bloodbath continues as another distiller goes bust
(DBN)

10 steakhouses most likely to go bankrupt in 2026
(DBN)

Grocery stores most likely to go bankrupt in 2026
(DBN)

Believer Meats Files for Bankruptcy as Cultured-Meat Dream Unravels
(DBN)

Food52 files for bankruptcy and courts a saleFood52 Files for Bankruptcy After Lender Pulls PlugBrooklyn-based Food52, run by ex-Barstool Sports CEO, files for bankruptcy
(DBN)

Hooters emerges from bankruptcy with shocking uniform overhaul, but Kiefer’s confession about what customers really got served all these years
(DBN)

No Eating Ze Bugs: Europe’s Biggest Insect Company Goes Bankrupt
(DBN)

____________

Wind Energy:

Orsted files legal challenge over Trump’s halt to $5 billion offshore wind project
(DBN)

____________

Golf:

Wohali investors fend off challenges in Utah bankruptcy court
(DBN)

____________

Comics:

InkyPen, Digital Comics Subscription On Steam, Declares Bankruptcy
(DBN)

____________

Economy:

FOMC Minutes: Further Cuts "Likely" Appropriate if Inflation Declines as Expected
(DBN)

Dollar on track for steepest annual drop for almost a decade
(DBN)

The truth about affordabilityAmerica’s affordability crisis is (mostly) a mirage
(DBN)

America’s economy looks set to accelerate
(DBN)

Weekly Initial Unemployment Claims Decrease to 199,000
(DBN)

It’s fire season for finance, writes Ken Miller
(DBN)

U.S. has sharply cut proposed pasta tariffs after a review, Italy saysTrump delays increased tariffs on upholstered furniture, kitchen cabinets and vanities for a yearCanada’s ‘man of steel’ calls for US-style protectionism
(DBN)

A 5 million percent return in 60 years leaves Buffett’s legacy unmatchedBuffett says Berkshire has the best odds of any company for lasting a century as he hands over reins
(DBN)

Minimum wage just went up in 19 states—workers in one state are getting a $2 an hour raise
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Mamdani wades into housing bankruptcy caseMamdani Cracks Down on Slumlords on Day One
(DBN)

Freddie Mac House Price Index Up 1.0% Year-over-Year in November
(DBN)

FHFA’s Q3 National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores
(DBN)

Case-Shiller: National House Price Index Up 1.4% year-over-year in October
(DBN)

The Year of the $100 Million House
(DBN)

Los Angeles after the flames
(DBN)

Boca's Via Mizner beset by delays, lawsuits. Now a new headache
(DBN)

Dockside Association Files for Bankruptcy as Crisis DeepensDockside board files for bankruptcy; condos remain shuttered
(DBN)

Cornerstone Sonoma sold for $10.65 million, marking largest liquidation yet from LeFever Mattson bankruptcy
(DBN)

______________

Municipalities:

America’s most successful mayor stands down
(DBN)

City’s health insurance reserve fund is insolvent: Comptroller LanderMamdani Takes Health Fund Audit ‘Seriously’ as Insolvency Reverberates
(DBN)

____________

Steel:

Bethlehem’s former steelworkers watch as Trump promises revival
(DBN)

____________

Politics:

Trump claims his ‘real’ approval rating is 64 percent
(DBN)

People of dubious character are more likely to enter public service
(DBN)

Trump’s Tangled Web of Deal-Making, Policy and Riches
(DBN)

Abortion may no longer be a top priority for Democratic voters ahead of 2026 midterms, polls show
(DBN)

Trump’s Colorado veto draws Boebert’s ireTrump’s first vetoes of his second term hit infrastructure projects, draw accusations of retribution
(DBN)

Trump says construction of the ‘Triumphal Arch’ to begin in ‘two months’
(DBN)

Trump Calls Physical Exercise ‘Boring’ as He Rages Against Health Critics: ‘That’s Not for Me’Trump rejects doctors’ advice to take less aspirin: ‘I want nice, thin blood’Donald Trump seen limping in New Year's video as health speculation explodesAs Signs of Aging Emerge, Trump Responds With DefianceTrump, in interview, defends his energy and health, offers new details on screening he underwentTrump says there’s ‘nothing’s wrong’ with his health, got CT scan not MRI
(DBN)

Zohran Mamdani officially sworn in on a Quran full of symbolismZohran Mamdani’s midnight oath speech goes viral, draws cheers and ‘bankruptcy’ jibes online Zohran Mamdani to press ahead with tax rises for New York City millionairesMayor Zohran Mamdani hosts inauguration at NYC's City Hall Hours after taking office, NYC Mayor Mamdani targets landlords, moves to intervene in private bankruptcy caseThe Mamdani era beginsIn Mamdani’s New York, Muslims become a political and demographic forceMayor Mamdani issues sweeping executive order wiping out most EOs issued by Adams after indictmentNew York mayor Mamdani vows to enact democratic socialist agendaZohran Mamdani vows to govern New York ‘expansively and audaciously’ after being sworn in by Bernie Sanders
(DBN)

Trump administration terminates lease for Washington’s 3 public golf courses
(DBN)

What to know about Trump administration freezing federal child care fundsWalz on frozen federal child care payments: ‘This is Trump’s long game’
(DBN)

Fight over stock trading ban to heat up in Congress: What to know
(DBN)

Ranking the top 2028 Democratic contenders
(DBN)

Axelrod: Trump’s ‘Marie Antoinette thing’ could cost Republicans in midterms
(DBN)

Luntz: Second shutdown over health care would be ‘very painful’ for Republicans
(DBN)

Prickly Pete Hegseth's short fuse laid bare as insiders reveal war on words
(DBN)

Kennedy Center: The show won’t go on‘Their first instinct was to loot’: how Trump’s acolytes are plundering the Kennedy Center
(DBN)

Conservative ’80s baseball legend breaks with Trump: ‘Donald Trump is compromised’
(DBN)

US strikes 3 vessels and leaves survivors -- now a search-and-rescue operation
(DBN)

Democrats start 2026 with fresh momentum — and lingering challenges
(DBN)

____________

Pharma:

Drugmakers plan to raise US prices on at least 350 medications: Report
(DBN)

____________

Fraud:

CNN reporter grills YouTuber whose Minnesota day care video went viral
(DBN)

____________

Tech:

Bay Area tech startup collapses into bankruptcy, owing $29M to nonprofits
(DBN)

Looking back at iRobot’s diversification attempts through the years
(DBN)

Bernie Sanders and Ron DeSantis speak out against data center boom. It’s a bad sign for AI industry
(DBN)

OpenAI’s cash burn will be one of the big bubble questions of 2026
(DBN)

Our bets on how AI will reshape jobs in 2026
(DBN)

Dust to data centers: The year tech giants began remaking the American landscape
(DBN)

Apple reportedly cuts production of Vision Pro headset after poor sales
(DBN)

AI models can develop ‘humanlike’ gambling addiction when given more freedom: study
(DBN)

____________

Trucking:

91-year-old trucking company Standard Forwarding Freight shuts down operations
(DBN)

Another big name Chapter 11 closes out challenging trucking year
(DBN)

____________

Crypto:

Mark Cuban, Dallas Mavericks Cleared Of Lawsuit Linked To Promotion Of Bankrupt Crypto Company
(DBN)

____________

Coal:

Even with Donald Trump in the White House, can coal be saved?
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

A wave of bankruptcies rattled retail and food in 2025. Here’s what happened
(DBN)

______________

Aviation:

Private Jet Company Files For Chapter 7 Bankruptcy Owing $36.2 Million
(DBN)

Despite a record year, airlines are grappling with big challenges
(DBN)

Unruly traveler threatens to ‘slap’ Southwest workers during wild airport meltdown: ‘I don’t give a f–k!’
(DBN)

Terrifying video, cockpit audio captures moment United flight slips off runway: ‘Oh my god!’
(DBN)

____________

Student Debt:

Student loan forgiveness is taxable again: Start planning for the ‘tax bomb,’ CFP says
(DBN)

US student loan bankruptcy success rate jumps to 87%, study finds, challenging long-held myths for borrowers
(DBN)

____________

Accounting:

Don’t let a bankrupt client bankrupt you
(DBN)

____________

Autos:

How First Brands Group collapsed
(DBN)

First Brands Creditors Hire Firm That Probed FTX Bankruptcy
(DBN)

$65 billion EV empire dismantles US network in freefall
(DBN)

Car rental company bought hundreds of Teslas as ‘money machines’—now it’s bankrupt
(DBN)

____________

Fashion:

Many fashion companies went out of business in 2025. More may be coming in 2026
(DBN)

____________

Sovereigns:

Bankrupt Pakistan sells banks, hotels, national airlines as IMF warns
(DBN)

____________

UK:

'Tired' staff at heart of council's plan for 2026
(DBN)

Number of women barristers in UK Supreme Court cases fails to increase in 17 years
(DBN)

Pressure on high-street shops and restaurants likely to intensify in 2026
(DBN)

Fashion brand 'loved by Princess Kate' on brink of collapse for second time in six years
(DBN)

West Midlands pharmacy chain could face insolvency after High Court application
(DBN)

Crackdown on crypto tax evasion comes into force
(DBN)

Labour accuses shadow attorney-general of ‘conflict of interest’ over legal work for Roman Abramovich
(DBN)

Brexit has deepened the British economy’s flaws and dulled its strengths
(DBN)

____________

EU:

Europe has ‘lost the internet’, warns Belgium’s cyber security chief
(DBN)

Europe’s generals are warning people to prepare for war
(DBN)

Christine Lagarde’s pay is 50% higher than disclosed by ECB
(DBN)

Bulgaria joins eurozone: Why it’s swapping the lev for the euro despite Russia tensionsBulgarians join the euro and eject their government
(DBN)

____________

France:

French government defends granting citizenship to George and Amal ClooneyTrump swipes at George Clooney after he gets French citizenshipClooney Punches Back: 'Have To Make America Great Again. We'll Start In November'
(DBN)

____________

Switzerland:

About 40 people dead and 115 injured in fire at Swiss Alpine bar during New Year’s celebrationSwiss nightclub where 47 people died advertised flaming champagne bottles in eerie promo video before deadly blaze
(DBN)

____________

Russia:

Russian shoppers pay double for sanctions-hit luxury goods from Europe
(DBN)

Russia says Ukrainian drone strike kills 24 in occupied Ukraine as tensions grow amid peace talks
(DBN)

Zelensky says peace deal is 90% ready in New Year address
(DBN)

Trump's CIA finds no evidence of Putin's assassination plot claim: report
(DBN)

Putin, Zelensky deliver contrasting New Year’s Day speeches amid push to end war
(DBN)

____________

MENA:

At least 6 reported killed during widening protests in Iran sparked by ailing economyIran grinds to standstill as protesters take to the streets, crowds chant ‘Death to Khamenei’‘Refrigerators are empty’: Iran protests spark civilian cries for regime collapse - interviewIran replaces central bank head in effort to contain cost-of-living protests Flashback: Trump Criticized Obama For Not Intervening During 2009 Iran ProtestsTrump says U.S. will intervene if Iran ‘violently kills’ protestors Trump, Iran official trade threats over protests
(DBN)

Trump and top Iranian official exchange threats over protests roiling Iran: ‘Locked and loaded’
(DBN)

Iran offers to sell advanced weapons systems for crypto
(DBN)

A Booze Ban Since the ’50s Is Being Quietly Lifted in Saudi Arabia
(DBN)

____________

China:

Why China is doubling down on its export-led growth model
(DBN)

China’s wall of cash could prop up its lagging stocks
(DBN)

China’s property woes could last until 2030
(DBN)

How China’s property crisis helped crash its art market
(DBN)

China Signals It Won’t Give an Inch to the U.S. in Latin America
(DBN)

____________

Venezuela:

Venezuela Detains Americans Amid Growing U.S. Pressure
(DBN)

With CIA strike, signs Trump is 'shaping the battlespace' in Venezuela
(DBN)

Maduro open to US talks on drug trafficking
(DBN)

US sanctions four traders it says are shipping Venezuelan oil
(DBN)

____________

Netherlands:

Netherlands police face 'unprecedented' New Year's violence
(DBN)

____________

India:

Insolvency And Bankruptcy Code In 2025: Supreme Court Draws Clear Lines On Process, Priority, And Finality
(DBN)

NCLT faces systemic delays as insolvency cases stretch beyond statutory timelines
(DBN)

NCLT struggles as insolvency cases surge beyond capacity
(DBN)

IBBI Makes Beneficial Ownership Disclosure Mandatory for Insolvency Resolution Applicants
(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