May 20, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Big Law Insider Trading Might Be Less Irrational Than It Seems
(DBN)

Biglaw’s Growth Game Comes With Cuts, Too
(DBN)

Turns Out The ABA’s Gatekeeping Role Actually Does Something
(DBN)

Navigating Sanctions: The Rise of a Leading D.C. Attorney in the Trump Era
(DBN)

AI Legal Education Pushes Skills, Clinics, and Healthy Skepticism
(DBN)

Americans have a right to a lawyer. Well, not this kind.
(DBN)

How to Get a Pardon in Trump’s Washington
(DBN)

Elite Biglaw Firm Suffers Devastating Loss With Tragic Death Of Veteran Partner
(DBN)

Now That’s An Elite M&A Practice
(DBN)

What Biglaw Can Learn From Corporate Legal Ops
(DBN)

UK: Law partner flogging £75 mentoring sessions on TikTok
(DBN)

Generative AI’s Impact on Lawyers: In praise of the mundane
(DBN)

With a chance at freedom, they faced an unexpected obstacle: Their own lawyers.
(DBN)

The I.R.S. Thought It Could Fight Trump’s Lawsuit, but It Reached a Deal Anyway
(DBN)

Trump Moves to Admit 10,000 More White South Africans as RefugeesVance says Rep. Ilhan Omar is under DOJ investigation for immigration fraud ‘right now’Prosecutors say DHS lied about shovel attack, charge ICE agent for shooting man in the leg
(DBN)

Todd Blanche tells appropriators payouts for Jan. 6 rioters are possibleSenators put Blanche on defense over $1.776B ‘anti-weaponization’ fundThe DOJ’s $1.8 Billion Slush Fund Has A Child Molester Problem
(DBN)

Trump IRS ‘Slush Fund’ Will Expose DOJ Lawyers to Fraud Charges
(DBN)

Trump IRS Deal Creates a Federal Checks-and-Balances Stress Test
(DBN)

President Trump’s Personal Lawyer Todd Blanche, Reminds Everyone That He Is TRUMP’S PERSONAL LAWYER
(DBN)

Blanche: No pardon recommendation for Ghislaine Maxwell
(DBN)

Who is Cain Clark? Teen Named Among San Diego Mosque Shooting SuspectsSan Diego mosque shooters were ‘radicalized online,’ wore Nazi symbols, inscribed vile 3-word message on guns'Anti-Islamic Writings' Found in Car of California Mosque Shooting Suspects, Official Says
(DBN)

Woman stabbed 15-year-old sister after the teen caught her looking through her phone
(DBN)

Woman allegedly shoots boyfriend 'between the eyes' after he tells her to shoot him
(DBN)

Teen driver blamed marathon runner she mowed down 'so hard' for exercising so early
(DBN)

Septuagenarian allegedly caught by Amazon delivery driver trying to kill wife with hammer
(DBN)

Son calls 911 on drunk mother after she had 'half a shot of whatever' and crashed: Cops
(DBN)

Shell gas station worker stabs 20-year-old man to death during argument at the pumps: Cops
(DBN)

Lost DoorDash driver had to have 2 feet of his bowels removed after random homeowner shot him
(DBN)

Women attacked, stabbed pregnant Qdoba worker, livestreamed celebration afterward: Police
(DBN)

Husband tried killing wife after learning one of their kids wasn't his
(DBN)

Man took wife for a late-night meal after her Walmart shift, then threw her off a bridge
(DBN)

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Judges:

Amy Coney Barrett Sits Out Supreme Court Decision—Here’s Why
(DBN)

Judge surprisingly unloads on Hegseth's 'spectacular overreach' in middle of arguments
(DBN)

Three Decades on the Supreme Court Is Too Long
(DBN)

Justice Ketanji Brown Jackson hammers Supreme Court colleagues over 'unusual' move
(DBN)

Justice Jackson criticizes Supreme Court’s handling of major voting case
(DBN)

The Story of the Woman Who Gave Birth in Brooklyn Arraignment Court Is Worse Than You’ve Heard
(DBN)

AI-Powered DIY Lawsuits Test the Resilience of US Court Systems
(DBN)

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Wall Street:

S&P 500 futures tick higher as traders await Nvidia’s earnings
(DBN)

Oil shocks have historically triggered major market selloffs. Deutsche Bank says the Iran war is missing 3 key ingredients.
(DBN)

Investors are all-in on stocks, and a June swoon could be next, BofA says
(DBN)

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Layoffs:

How Meta is keeping layoffs so mysteriousMeta is rolling out its mega-layoffs around the clock
(DBN)

Ohio auto parts maker First Brands to lay off 350 more amid fraud charges
(DBN)

Ikea franchisor to cut 850 jobs
(DBN)

AI will destroy and create finance jobs: HSBC boss
(DBN)

Standard Chartered Joins AI Layoff Wave With Over 7,000 Job Cuts Planned
(DBN)

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Prediction Markets:

Congress is scrambling to regulate prediction markets
(DBN)

Minnesota to ban prediction markets
(DBN)

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Education:

Map Shows States Where Children’s Reading Scores Are Getting Worse
(DBN)

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Water:

Lake Mead Water Levels Could Fall 20 Feet Below Record Low
(DBN)

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Healthcare:

Prison healthcare workers claim they’re owed pay after YesCare bankruptcy
(DBN)

Oroville Hospital Creditors' Suit Against UMB Gets Tossed
(DBN)

Even with insurance, millions of Americans with serious illnesses are trapped in a cycle of deductibles, debt collectors and annually resetting medical bills
(DBN)

Insurance brokers are getting big commissions to keep retirees in Medicare Advantage plans
(DBN)

Ebola outbreak in DRC draws attention to Trump administration's dismantling of USAID
(DBN)

Court orders hospital to resume gender-affirming care for transgender kids
(DBN)

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Pharma:

Supreme Court deals blow to pharma challenge of Medicare price negotiation
(DBN)

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Banking:

Trump executive order to stop short of requiring banks to collect citizenship information
(DBN)

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Golf:

LIV Golf preparing for bankruptcy after $5bn Saudi funding blowReport: LIV Golf begins exploring potential bankruptcy options ahead of season endLIV Golf reportedly laying groundwork for US bankruptcy if new investors aren't securedLIV Golf 'focused' on long-term funding solution amid reports of potential bankruptcy planHarrington says LIV Golf could survive Bankruptcy scare with smaller modelLIV Golf, Saudi bridge to Trump, falls victim to spending shift
(DBN)

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Consumer Finance:

Buy Now, Pay Later Loans Pile Up To $70 Billion
(DBN)

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Radio:

Case Summary: Spanish Broadcasting System Chapter 11
(DBN)

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Debt Collection:

How Artificial Intelligence Is Transforming The Debt Collection Industry
(DBN)

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Economy:

30-year Treasury yield tops 5.18%, highest since before the financial crisis30-year US Treasury yield hits highest level in 19 yearsBond Yields Near Two-Decade High Open Rift Among Investors
(DBN)

World Awaits New Fed Chair's Vision on Independence
(DBN)

Trump says he'll let Warsh 'do what he wants to do' with interest rates. It's a remark that Fed watchers have been bracing for.
(DBN)

Inflation Fears Cloud G7 Economic Agenda as Iran War Persists
(DBN)

US not in a hurry to extend China trade truce, Bessent says
(DBN)

How global economic imbalances resemble an ancient parable
(DBN)

Costco Tries To Get Tariff Refund Class Action Suit Dismissed
(DBN)

China signals it will accept Trump’s push to rebuild tariff wall
(DBN)

CEOs Shift Focus to Productivity Over Employee Well-being Amid Economic Pressures
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

A great exurban surge is reshaping America
(DBN)

These are America’s most ‘overpriced’ housing markets
(DBN)

Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers
(DBN)

Why Carmel, Indiana, Is the Best Place to Live in 2026-2027250 Best Places to Live in the U.S. in 2026-2027
(DBN)

ZOM Ordered To Pay $323M For Circumventing Partner In Arizona Multifamily JV
(DBN)

Don King-linked jai alai arena files Chapter 11. Is housing in future?
(DBN)

Filing Alert: Facilai LLC Chapter 11
(DBN)

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Municipalities:

El Paso ISD may declare financial emergency, large-scale layoffs after review puts budget deficit at $52.8 million
(DBN)

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Oil/Gas:

Trump Calls High Gas Prices ‘Peanuts’ as Economic Approval Rating Plunges
(DBN)

Crude oil is going the long way around the world as countries scramble to plug Hormuz supply hole
(DBN)

Oregon voters reject Democrats’ gas tax increase as Iran war causes prices to soar
(DBN)

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Retailing:

Saks Global CEO on next steps in bankruptcy process, path to growth
(DBN)

At Home CEO to retire after leading it through bankruptcy
(DBN)

Claire’s eyes expansion to 7K retail locations
(DBN)

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Politics:

Tracking approval and key issuesDonald Trump’s Disapproval Rating Hits Historic HighRepublicans grow increasingly worried about Trump’s negative pollsTrump Approval Drops to 35% as Republican Support Softens, Reuters/Ipsos Poll FindsWhere Trump falters with Republicans — and where he holds steady, according to a new AP-NORC poll
(DBN)

GOP coalition looking to 'move beyond Trump': new poll
(DBN)

Goldberg: Founding Fathers would've gotten rid of him long ago
(DBN)

Trump privately fumes over imperiled ballroom security moneyBallroom security money hangs over GOP agenda
(DBN)

Trumpworld's presidential gold rush
(DBN)

Krugman: The Looting of America
(DBN)

US justice department ‘forever’ bars IRS from auditing Trump’s past tax returnsWith Trump’s Settlement, a Possible $100 Million I.R.S. Penalty Melts Away
(DBN)

Trump’s “Anti-Weaponization” Fund Is a Handout to His Hardcore Supporters
(DBN)

I.R.S. Prohibited From Pursuing Audits of Trump and His Family
(DBN)

Republicans defeat Gallego amendment pushing back on fund to compensate Trump allies
(DBN)

The Republican senators speaking out against Trump
(DBN)

How Corrupt Is Trump? Here Are the Numbers.
(DBN)

Why Trump’s stock trades are so exceptionally corrupt
(DBN)

Trump endorses Paxton in Texas Senate GOP runoff, in blow to CornynTrump takes shots at GOP senator while dumping him for controversial MAGA wildcardRepublicans ‘saddened’ as Cornyn falls to an uneven Trump loyalty test
(DBN)

US Rep. Thomas Massie loses Kentucky GOP primary to Ed Gallrein in another victory for TrumpKentucky Rep. Thomas Massie charted his own way, until toppled by TrumpTakeaways from Tuesday’s primaries: Massie’s loss leaves no doubt about Trump’s power over the GOPTrump notches GOP primary wins, but midterm questions remain
(DBN)

Axios Harris Poll 100: GOP embraces AI over Dems
(DBN)

The evangelical primary has already started. Rubio has the early edge on Vance.
(DBN)

What the Average American Could Afford With Congressman’s Salary
(DBN)

Bill Cassidy could be Trump’s Senate nightmare. So far he’s keeping his powder dryTrump’s ouster of Republican senator sends shock waves through Senate GOP
(DBN)

Senate advances bill aimed at ending Iran war as Cassidy flips to support after GOP primary loss
(DBN)

Bipartisan Senate duo unveils sweeping antisemitism bill
(DBN)

Tom Steyer Wants to Save California From Billionaires. But Also Doesn’t Want Them to Leave
(DBN)

Republicans seek to shift blame for unpopular redistricting war
(DBN)

Fuming Trump lashes out after Fox News and Newsmax skip his live event
(DBN)

Candidate vows to turn ICE centers into prisons for 'American Zionists'
(DBN)

Florida bans annual Haitian festival under anti-DEI law
(DBN)

NAACP calls for Black student-athletes to boycott Southern schools amid redistricting backlash
(DBN)

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Agribusiness:

12 Nebraska farmers to split $1 million from bankrupt grain merchandiser
(DBN)

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Fintech:

California fines Yotta $1M for deceiving savers
(DBN)

Nasdaq to delist Society Pass shares following bankruptcy filing
(DBN)

DAO Bankruptcy: What Happens to Token Holders When a Protocol Fails?
(DBN)

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Trucking:

Bankruptcy court approves STG Logistics reorganization plan
(DBN)

Long-Running Midwest Truck Dealer Seeks Chapter 11 Bankruptcy
(DBN)

____________

Supplements:

Filing Alert: UMZU Chapter 11
(DBN)

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Food/Beverage:

Shari's owner files for bankruptcy
(DBN)

Award-Winning Vodka and Whiskey Distillery Files for Bankruptcy After 19 Years in Business
(DBN)

The Oldest Continuously-Running Red Lobster Location Is Closing After 56 Years
(DBN)

Red Lobster brings back popular meal deal blamed for bankruptcy and diners are already stretching it
(DBN)

Carl’s Jr. Faces Struggles in Its Southern California Roots Amid Labor Issues and Bankruptcy Filings
(DBN)

How American casual dining quietly collapsed between 2017 and 2026
(DBN)

U.K. Lawmaker Warns of 'Global Food Crisis,' Urges Immediate Reopening for Strait of Hormuz
(DBN)

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New Bankruptcy Opinions
(8 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 (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Crimes:

Former Centre County businesswoman sentenced in bankruptcy fraud case
(DBN)

____________

Mass Torts:

Judge concerned as Vermont Catholic diocese’s bankruptcy case hits $2M in legal bills
(DBN)

St. Patrick Catholic Church slated for closure amid Diocese of Oakland bankruptcy
(DBN)

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UST:

USTP Issues Annual Report of Significant Accomplishment for FY 2025
(DBN)

____________

Arbitration:

Federal Court Jurisdiction Over Arbitration Awards: At U.S. Supreme Court (Jules v. Andre Balazs)
(DBN)

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Redemption:

Bankruptcy Redemption Options
(DBN)

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Cannabis:

Can Cannabis Companies File Bankruptcy? The New Chapter 15 Roadmap
(DBN)

____________

Aviation:

Spirit Airline Bankruptcy Reshapes Narrowbody Engine Market
(DBN)

Horrific moment engine flies off UPS Flight 2976 just before its crash killed 15
(DBN)

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Apparel:

The LYCRA Company to Successfully Complete Comprehensive Financial Restructuring
(DBN)

____________

Utilities:

Utilities Are Betting Billions on a Technology That Could Become Obsolete
(DBN)

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Entertainment:

Florida Court to Decide Fate of $15 Million Movie Piracy Judgment Amid Bankruptcy Proceedings
(DBN)

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Climate:

Thousands told to leave homes as wildfire approaches mansions near LA
(DBN)

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Bicycles:

All employees laid off as Niner Bikes "winding down operations", reports suggest
(DBN)

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Tech:

Musk and Altman take their battle from court to Wall Street ahead of landmark IPOs
(DBN)

In Musk v. Altman trial, the entire AI industry lost
(DBN)

Elon Musk Compares His Work to Miracles Performed by Jesus Christ
(DBN)

Government doubles down on blacklisting Anthropic
(DBN)

OpenAI co-founder Andrej Karpathy joins Anthropic
(DBN)

Gen Z Says They Can’t Function Without AI
(DBN)

AI Data Center Borrowing Rapidly Climbs Wall Street’s Risk List
(DBN)

Americans Issued New Warnings Over AI Data Center Boom
(DBN)

What the College Behind the AI Graduation Disaster Says About Inaccuracies
(DBN)

Nancy Mace Calls For 1 Year Moratorium On New SC Data Centers
(DBN)

Tom Steyer walks back support for data center moratorium
(DBN)

AI supercharging cybercrime, top global law enforcement official warns
(DBN)

‘Blood in the streets’: Legendary investor Jeremy Grantham pulls back the curtain on the AI wars to reveal a ‘brutal, competitive world’
(DBN)

‘The Worst Leak That I’ve Witnessed’: U.S. Cybersecurity Agency Leaves Its Digital Keys Out in Public on GitHub
(DBN)

____________

UK:

Monthly Insolvency Statistics April 2026Business insolvencies increase by 2%Personal insolvencies fall by 10%Azets responds to April 2026 insolvency statistics
(DBN)

Fears rise of phoenixing could cost taxpayers in the East
(DBN)

Misconduct reports against solicitors soar nearly 60% in two years
(DBN)

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Canada:

Bankruptcy trustee says there may be money left over for Reid's Heritage Properties investors
(DBN)

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MENA:

Trump says it's not a 'war.' Insurers with money on the line say it isTreasury Department Amps Up ‘Economic Fury’ With Fresh Iran Penalties Bessent urges G7 to help US attack Iran's financesTrump’s Iran War WhiplashUS seized Iran-linked oil tanker in the Indian OceanJD Vance says 'a lot of progress' made in Iran talksTrump says US could attack Iran again but that Tehran wants dealIran Sticks to Its Guns as US Threats Begin to Lose Power
(DBN)

Report: NATO considering Hormuz mission
(DBN)

Iran stages mass weddings for couples ready for war 'sacrifice'
(DBN)

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Cuba:

Yes, Trump might really attack Cuba What Could US Military Action Against Cuba Look Like?
(DBN)

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Russia:

Russians covertly trained by China return to fight in Ukraine, sources say
(DBN)

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South Africa:

Eskom renews threat to cut Joburg power over unpaid debt
(DBN)

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China:

Xi and Putin highlight their friendship and cooperation in Beijing visitAs Putin visits, distrust simmers beneath anti-US alliance
(DBN)

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India:

Supreme Court Examines ‘Hallucinated Citations’ By NCLT & NCLAT In Essel Infraprojects Insolvency Case
(DBN)

IBBI issues new empanelment rules for insolvency professionals under IBCIBBI sets out new appointment rules for insolvency professionals
(DBN)

More than 8,800 cases admitted under IBC, creditors realize over Rs 4.11 lakh crore till December 2025
(DBN)

Builder went bankrupt? What happens to your home under IBC
(DBN)

Insolvency resolution drops to 13-quarter low
(DBN)

____________

Australia:

Carbon Revolution Saved From Collapse As US Lender Takes Control After $347 Million Losses
(DBN)

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South Korea:

Loan Delinquencies Rise Among Koreans in Their 20s and 30s
(DBN)

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Netherlands:

Fraudsters exploit bankruptcy of Dutch home retailer Fonq in social media scams
(DBN)

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