June 16, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law Firms Bet on Both AI and Humans, For Now
(DBN)

As AI Search Eats Google, Connecting With Clients Through The Internet Requires New Approach
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Private equity bosses warn of AI threat to bets on law and accountancy
(DBN)

AI Legal Software Flails on Pricing Models, Frustrating Buyers
(DBN)

AI Won’t Replace Junior Lawyers. It Will Give Them Better Work
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Carlton Fields Intervenes in Miss America Bankruptcy Case Amid Legal Dispute Over Attorney Participation
(DBN)

Things are cookin’ good for lawyer selected to compete on Food Network show
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The 2026 UK Top 50: The Richest Biglaw Firms Across The Pond
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Why Litigation Is Starting To Look Like Product Management
(DBN)

ICE agent in NJ hit by fleeing suspect in van, opens fire
(DBN)

Top DOJ Official Wanted A Cut Of The Trump Slush Fund
(DBN)

Epstein paid Palm Beach deputy to get special treatment in jail, ex-aide says
(DBN)

Newsom says Trump has directed Justice Department to investigate him
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Democrats press Trump administration over "pay-to-play" pardonsThere’s Actually Something We Can Do About Trump’s Pardons
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Judge poised to order criminal trial of Todd Blanche: 'More than sufficient' evidenceNYT editorial board pushes burned GOP Senators to tank 'unqualified' Blanche's nomination
(DBN)

Haitian woman’s hypothermia death after ICE release ruled a homicideIn far West Texas, the threat of land seizures for a border wall has families on edgeICE’s detention policy won at the 5th Circuit. Then judges found another way to reject it.
(DBN)

Judge tosses lawsuit from Yosemite ranger fired over flag display
(DBN)

Boy, 14, arrested for armed robbery of kids’ lemonade stand
(DBN)

Blake Lively can seek legal fees against Justin Baldoni in defamation case but no damages, judge rules
(DBN)

Man threatened kids on go-kart with meat cleaver because he was mad about noise, cops say
(DBN)

9-year-old shot by another child after the 2 women watching them left 4 kids by themselves
(DBN)

Dad accidentally bumps teen with Walmart cart, gets shot dead for it: Police
(DBN)

This Cop Scanned A Woman's License Plate 179 Times And Somehow That Was Allowed
(DBN)

With nitrogen gas blocked, Alabama seeks to execute inmate by lethal injection
(DBN)

Man thought he'd score huge payday from will but he didn't — so he murdered person who did
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Judges:

Frustrated by Courts, Trump Weighed Suspending a Constitutional Right
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Judge makes clear that '8647' flag-flyers aren't to be disturbed, as DOJ doesn't weigh in
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Judges’ Misconduct Cases Bring Extra Scrutiny to Strained Courts
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The dissent that became a statute
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Supreme Court will decide if 'criminal aliens' can be held indefinitely while they fight deportation
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GOP senators have no backup plan if Supreme Court kills Trump’s birthright citizenship order
(DBN)

Supreme Court will decide whether criminal cases must have 12 jurors in Florida case
(DBN)

Supreme Court won’t hear 98-year-old judge’s bid to end suspensionSupreme Court Declines To Review Pauline Newman’s Suspension
(DBN)

SCOTUS leaves Carter Page out in the cold as James Comey escapes Russia probe lawsuit
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Hawaii Supreme Court will hear case seeking freedom for elephants
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Judge disciplined for casting ‘public discredit on the judiciary’ on YouTube and in court
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Wall Street:

U.S. stock futures are flat after Dow record close on U.S.-Iran deal
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Dow climbs more than 450 points for record close as oil tumbles on potential Iran deal
(DBN)

How SpaceX's arrival impacts the stock market
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Wall Street and European markets hit record highs and oil price falls to three-month low after US-Iran peace dealStocks jump, oil slides following US-Iran peace deal
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US Supreme Court rebuffs challenge to New York law allowing lawsuits against gun industry
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Layoffs:

Centene to offer buyouts to some employees as health insurer cuts costs
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BlackRock Reportedly Cuts 200 Jobs
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Mining:

113-Year-Old Kansas-Based Minerals Company Enters Chapter 11 Bankruptcy
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Sports:

LIV Golf make official $1.5bn announcement as PIF fallout continuesDeChambeau and Rahm could exit LIV Golf contracts on one condition
(DBN)

New York Knicks stars set to lose more than half of bonuses to taxes after winning historic NBA championship
(DBN)

Iran coach says team ordered out of US right after 2-2 draw with New Zealand in World Cup openerThousands of Iranian Americans protest outside their first World Cup game with SWAT and FBI in huge security operation
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Retailing:

This Home Depot rival just filed for bankruptcy. What happens next?
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Tech:

Warren wants info on private equity data center deals
(DBN)

Humanoid Robot Preparing to Climb Mount Everest
(DBN)

AI giants are learning a hard lesson about pricing power
(DBN)

AI Wars: Why Microsoft, Google and Amazon Are All Fighting Over Power
(DBN)

"They screwed us": Personality clashes sent Anthropic's models offlineHow a warning from Amazon led the White House to shut down Anthropic’s Mythos modelUS saw risk of Anthropic models being diverted to foreign military intelligenceAnthropic to meet with US officials over export curbs
(DBN)

AI deepfakes are getting weirder and harder to spot in the midterms
(DBN)

Meta’s Super Expensive New AI Team Is Already a Complete Catastrophe
(DBN)

Consulting Firm’s Report on How Awesome AI Is Found to Contain Idiotic AI Hallucinations
(DBN)

US judge dismisses Musk's xAI trade secret lawsuit against OpenAI
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Agribusiness:

Farm Credit System Remains Sound, But Weakening Farm Income Raises Credit and Bankruptcy Risk
(DBN)

Free Agricultural Tax webinar to tackle farm bankruptcy and financial options
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Wind Energy:

Top US windfarm begins commercial operations
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Rail:

Brightline Considers Bankruptcy Despite Popularity
(DBN)

Miami-Dade may be close to penning a taxpayer-funded deal with financially-strapped Brightline
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Movie Theaters:

Dine-in movie theaters in five states saved from shutting down after filing bankruptcy this year
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Non-Profits:

Jewish Federation of Greater Harrisburg sells campus to avoid bankruptcy
(DBN)

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Economy:

All eyes on Warsh at new Fed chairman's first policy meetingEconomists bet on higher rates as Kevin Warsh takes reins at the FedTreasury yields fall ahead of Kevin Warsh’s first Fed meetingWarsh Faces Tenuous Balancing Act in First Fed Meeting as ChairmanWarsh Wants Less Fed Talk and It Risks Causing Major Market Surprises
(DBN)

World’s biggest fortunes soar by record $336 billion in one day
(DBN)

Global economy has absorbed war shock so far, IMF says
(DBN)

Central banks repatriate gold as global insecurity rises
(DBN)

The rich keep spending money on ‘unapologetic luxury’ — and it’s raising prices on everyday goods for everyone
(DBN)

U.S.-Iran peace deal's supply chain effects may be slow-going
(DBN)

ICE surges destroyed 668,000 US jobs, research group finds
(DBN)

A 1% mistake costs $10 billion: Inside the impossible math of managing Elon Musk’s trillionaire SpaceX wealth
(DBN)

Trump’s first-term China tariffs survive Supreme Court challenge
(DBN)

The Unpopular Truth About World Cup Ticket Prices
(DBN)

Employers want entry-level workers with senior-level skills in the age of AI, a huge PwC analysis found
(DBN)

At G-7, allies plan for a world less reliant on the U.S.
(DBN)

SSA reinstates full benefit withholding as insolvency fears grow
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Part 2: Current State of the Housing Market; Overview for mid-June 2026
(DBN)

Graffiti Towers’ Future Delayed
(DBN)

Haruvi family company files for bankruptcy, affecting nearly 500 apartments
(DBN)

US foreclosure filings rise 14% annually despite monthly dip in May 2026
(DBN)

Ken Mattson reverses course, will plead not guilty in Sonoma Ponzi scheme case
(DBN)

Apollo Commercial Real Estate Finance to Wind Down Operations, Liquidate Assets
(DBN)

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Oil/Gas:

US emergency oil stockpile tumbles to lowest since the Reagan administration
(DBN)

Oil falls $4 to three-month low after Trump says deal signed to end Iran war
(DBN)

Strait of Hormuz flow will take ‘weeks’ to resume, largest tanker operator warnsHow the Strait of Hormuz reopening could unfold if the U.S.-Iran deal is implementedOil prices hit three-month low — but tanker bosses remain cautious on Hormuz transitUS at odds with allies over how easy it is to reopen Hormuz
(DBN)

An Oil Deal That Ended a War Nobody Won
(DBN)

New York Forces Danskammer Energy Gas-Fired Plant into Bankruptcy
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Politics:

Tracking approval and key issuesTrump approval in rural America slips to new low: Survey
(DBN)

Fox News mocked as host heaps praise on Trump for walking: 'Graded on a curve?'
(DBN)

Explore Trump's 3,600 stock trades from the first 3 months of 2026
(DBN)

All of Trump's insults targeting G7 leaders as he arrives for most awkward summit ever
(DBN)

At The Kennedy Center, It’s Curtains For Trump Kennedy Center establishing new endowment in Trump’s name
(DBN)

UFC Fighter Declares “Michelle Obama Is a Man” After Winning Match at White House‘Absolute Trash’: UFC Fighter Sparks Intense Ire for Calling Michelle Obama a Man at Trump’s White House Fight NightDana White called a UFC fighter’s Michelle Obama insult ‘nonsense.’ The White House isn’t commenting on it7 big surprises from Trump’s White House UFC birthday bashUFC boss Dana White on another White House event: ‘It will never happen again’Trump’s Fight Night Was as Absurd as PromisedWhite House plunges into 'circular firing squad' over Trump concert disaster as 'most beautiful' advisor Margo Martin faces falloutEric Trump denies cheating allegations over White House UFC fights
(DBN)

Brown: Trump’s Roman Games/Obama’s Shrine to Himself
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Trump declares D.C.'s July 4 celebration a "TRUMP RALLY"
(DBN)

Workers spotted cleaning out bright green algae from Reflecting Pool days after $14m revamp completed
(DBN)

G.O.P. Stokes Opposition to Solar Power in Fight Against Data Centers
(DBN)

Blanche, other Trump officials could face subpoenas on ‘day one’ of Democrat majority, Garcia says
(DBN)

Lawmakers caution Burgum, NPS they have ‘no power to build’ Trump’s arch
(DBN)

Carville: Trump ‘going to walk away’ from presidency by next Easter
(DBN)

Vance takes center stage with Iran deal to open Strait of Hormuz
(DBN)

Trump calls for impeachment of Senate Democrat who called ending Obama’s Iran deal ‘bad mistake’
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Water:

Tensions Are Rising Between States That Rely on the Colorado River
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Education:

Every US state ranked by high school graduation rate, from lowest to highest
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Religion:

What right-wing influencers just did to a major US church
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Private Equity:

AI fuels private equity’s biggest ever windfalls
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Student Debt:

Trump's student-loan limits for nurses are about to take effect. GOP lawmakers advanced a plan to reverse them.
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Private Credit:

ECB Expands Probe on Private Credit to More Banks as Fears Mount
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Food/Beverage:

Golden Corral franchisee files bankruptcy
(DBN)

On The Border shuts all 60 restaurants just one year after emerging from bankruptcy
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68-year-old comfort food franchisee files for bankruptcy
(DBN)

Subway closing stores: List of shuttered locations from franchisee
(DBN)

Applebee’s franchisee with 53 restaurants files bankruptcy amid up to $50M in debt
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Celebs:

Meghan Markle's £5m crisis exposed as insiders fear bankruptcyMeghan Markle in ‘panic mode’ unless there's 'miracle' before key dateMeghan Markle's attempt to soften image backfires - 'Teetering on irrelevant'
(DBN)

Why a dropped lawsuit against Shilo Sanders just resurfaced
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Crypto:

What Happens When a Crypto Lending Platform Goes Bankrupt?
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Awards:

Association of Insolvency and Restructuring Advisors Announces Transitions and Awards
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Hotels:

Once a Tucson gem, defunct Downtown hotel will soon see new life
(DBN)

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Furniture:

Too big to fail? Not anymore
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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

States of bankruptcy in 2026
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Colorado bankruptcies increase 14% in May
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Bankruptcy Alternatives:

Delaware Enacts Uniform Assignment for the Benefit of Creditors Law
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Discharge:

Securities Suit Dismissed: Bankruptcy Discharge and Scienter Deficiencies
(DBN)

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Mass Torts:

Illinois Court Upholds Attorney-Client Privilege in Clergy Abuse Investigation, Denying Document Disclosure
(DBN)

Buffalo Diocese abuse victims who negotiated $300M settlement say it's 'best way forward'‘Ready for the end’: Abuse survivors to vote on Buffalo Diocese settlementClergy abuse survivors on Buffalo Diocese bankruptcy committee speak out for first time, demand apology
(DBN)

Los Angeles Court Evaluates Integrity of $4 Billion Sex Abuse Settlement Amid Fraud Allegations
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Property of the Estate:

Reliance Is Personal, and So Is the Claim: Judge Goldblatt Holds Vendor Fraud Claims Are Not Estate Property After Whittaker Clark
(DBN)

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Aviation:

Broward to decide whether to bid for Spirit Airlines’ former headquarters
(DBN)

Magnicharters Workers Set June 30 Strike Amid Insolvency
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Space:

Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
(DBN)

One Texas Town Hopes for Crumbs From the SpaceX Feast
(DBN)

Elon Musk makes sky-high trillion-dollar forecast for SpaceX revenueSpaceX shares gain for second day after blockbuster debutSpaceX stock set for more than 50% jump in just three sessions
(DBN)

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Healthcare:

Louisville-based healthcare provider files for bankruptcy
(DBN)

U.S. Court of Appeals ends MercyOne fight against Mercy Iowa City bankruptcy plan
(DBN)

A woman's health insurance saga: Breast cancer leads to bankruptcy
(DBN)

Ebola cases top 800 as African leaders plan emergency summit
(DBN)

Medicare weight-loss drug coverage could overwhelm doctors
(DBN)

Woman’s Death Blamed on Hospital’s AI System
(DBN)

Kennedy Seeks to Expedite Appeal of Ruling That Blocked His Vaccine Policies
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Radio:

Cumulus Eyes An Exit Window from Chapter 11 Bankruptcy
(DBN)

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Insurance:

The price of risk is falling in a more dangerous world
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Social Media:

Britain has unveiled one of world’s toughest social media bans for kidsSocial media firms hit back as Starmer announces ban for under-16s in UK
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Fraud:

Vance’s fraud task force is sweeping up legitimate small businesses
(DBN)

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Climate:

Scientists Horrified as Huge Heatwave Hits Antarctica
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Summer Camps:

Inside David and Michael Shabsels’ summer camp empire
(DBN)

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UK:

Assigning claims: Re Styles & Wood Group Ltd (in liquidation)
(DBN)

Thames Water rescue in doubt as government raises objections over dealThames Water closer to nationalization as Labour criticizes £10bn rescue deal
(DBN)

Brexit impact worse than expected for a quarter of UK mid-sized firms
(DBN)

Economy shrinks in April – industry reaction
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Millionaire with ties to UK royal family accused of being notorious jogger seen pushing woman in front of bus
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EU:

EU starts membership talks with Ukraine
(DBN)

Hedge funds bet against European carmakers on Chinese competition fears
(DBN)

EU could fund migrant detention centers abroad
(DBN)

UK would be blocked from rejoining ‘wounded’ EU, says Jean-Claude Juncker
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MENA:

Trump’s deal with Iran is ‘not a win’ for ‘weaker’ US say expertsTrump says Iran deal is 'all signed', text to be released soon Trump sought to break Iran’s regime. He settled for reopening Hormuz‘Disaster’: Fox News Trump Whisperer Torches Plan to Give Iran $300 BillionTrump says $300B fund to rebuild Iran is 'Fake News' Vance: Iran ‘could have access to’ $300B reconstruction fundTrump administration considers $300bn fund for Iran if deal is upheldGOP Rep. Brian Mast says he’d rather not see the US release billions of dollars in frozen funds to Iran Trump is turning victory in Iran into an American humiliationTrump's Iran war is one of the greatest strategic blunders in US historyWhat was it all for? US-Iran agreement brings bitter rivals full circle'I never cared about regime change'The least bad exit from Trump’s war of choiceA fragile Iran peace follows a war without victorsHow the US-Iran deal came togetherIn Mideast and worldwide, cautious relief over deal to end damaging warGlobal shippers cautious on Hormuz transit despite US-Iran dealUS blockade of Iranian ports still in place ‘pending execution’ of Strait of Hormuz ceasefire dealAmerica and Iran Have an Agreement. And 60 Days to Prevent the Next WarTrump’s Iran deal triggers speculation, skepticism, market bump: 5 takeaways
(DBN)

Israel Counts the Ways That Netanyahu’s Iran Strategy FailedTrump, Netanyahu tensions reach new high, complicating Iran dealBenjamin Netanyahu faces domestic backlash over US-Iran deal
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Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’
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Russia:

After taking Iran deal to G7 summit, Trump eyes ending Ukraine warTrump says Putin, Zelenskiy open to 'do something' on Ukraine war
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Xi Jinping secretly trained hundreds of Vladimir Putin’s soldiers who fought in Ukraine war
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China:

China Evergrande liquidators seek judicial review of SFC agreement with PwC Hong Kong
(DBN)

China’s economy shows signs of weakness in May
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Japan:

Bank of Japan raises rates to 1% for first time since 1995
(DBN)

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South Korea:

JTBC, four affiliates seek court-led restructuring
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India:

ED searches at 17 locations in corporate insolvency process case
(DBN)

New valuation rules seek fairer outcomes in bankruptcy cases
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Netherlands:

Hydrogen vessel operator Future Proof Shipping files for bankruptcy
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