May 29, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Students say law school isn’t prepping them to use AI in practice, new survey shows
(DBN)

BigLaw’s AI Arms Race Just Escalated As Kirkland & Ellis Puts $500 Million Behind Its Own Generative AI Platform
(DBN)

Biglaw’s Latest AI Pitch: Faster Associates, More Deals
(DBN)

Fried Frank Bets on AI to Streamline Private Equity Funds Group
(DBN)

Florida Justices Adopt Statewide Policy for Lawyers’ AI Usage
(DBN)

Why Attorneys Can Ethically Use General-Purpose GenAI For Client Matters Without Redacting Everything
(DBN)

In Banning AI, Is Berkeley Law Shortchanging Its Students — And Endangering Their Future Clients?
(DBN)

Restructuring Lawyer Kenneth P. Kansa Joins Steptoe's Insolvency, Restructuring and Transactions Practice in Chicago
(DBN)

Pashman Stein Walder Hayden P.C. Welcomes Bankruptcy, Restructuring & Creditors’ Rights Partner Donald W. Clarke
(DBN)

Firms are pivoting toward associates with more experience, new report says
(DBN)

General counsel compensation climbs, aligned with equity and company scale
(DBN)

He left big law, became a DJ to pay his bills, and built sports clubs inside refugee camps. Now he wants more members than Bayern Munich
(DBN)

Todd Blanche Faces New York Bar Complaint After Federal Judge Flags Vindictive Prosecution
(DBN)

‘B-A-D’ But Good: Professional athletes gave this lawyer a nickname fitting her skills
(DBN)

Trump files fresh $10 billion suit over WSJ’s Epstein story
(DBN)

DOJ probe targets Hoffman nonprofit tied to Carroll case • Trump’s E. Jean Carroll Investigation Comes Amid Last-Ditch Effort To Get Out Of Paying $100 Million
(DBN)

Brain Drain Afflicts DOJ Unit Defending Trump on Immigration
(DBN)

10-year-old shot dead with gun her sister's boyfriend told everyone was a 'toy': Police
(DBN)

Woman beaten with her own phone for walking too slow in parking lot during lunch: Police
(DBN)

Friends laughing while passing around gun shocked when firearm goes off and kills man: DA
(DBN)

Woman sentenced for throwing dynamite at her boyfriend, leaving him without a hand
(DBN)

Man secretly lived in crawl space of family's townhome for months with a cache of knives
(DBN)

Woman gave drug-laced lasagna to pregnant woman 'to cause a miscarriage'
(DBN)

HOA president pushes 12-year-old off his bicycle after he saw boy 'sitting alone': Cops
(DBN)

Inmate may die over hypnotized witness
(DBN)

Man tears down home with construction vehicle when his wife says she's 'done': Police
(DBN)

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Judges:

Samuel Alito’s Son Has Been Quietly Working for Trump’s Treasury Department
(DBN)

Justice Barrett targeted in “swatting” incident
(DBN)

Supreme Court sides with Mississippi man on death row in racial bias case
(DBN)

Judge suspended by judicial inquiry commission for incompetent, unprofessional behavior
(DBN)

Judiciary Tried To Hide ‘Sex In Chambers’ Judge’s Name. It Left A Roadmap To Identify Eleanor Ross Instead • Eleanor Ross Is US Judge Reprimanded for Sex in Chambers
(DBN)

Judge Orders Law Firm To Write Lesson On How Not To Be Naughty Lawyers
(DBN)

Justice Barrett’s Home Targeted in Swatting Attempt, Police Say
(DBN)

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Wall Street:

Stock futures are little changed as traders eye developments in Middle East
(DBN)

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Layoffs:

The hospitals, health systems cutting jobs in 2026
(DBN)

Could Yellow Corp. workers finally get paid?
(DBN)

OpenAI and Anthropic dig in against each other on AI jobs apocalypse
(DBN)

EPISD to consider more than 400 job cuts at board meeting
(DBN)

Cyber firm SentinelOne set to lay off hundreds of employees
(DBN)

CEO Receives Violent Threats After Kicking Off AI Layoffs
(DBN)

Who decides which jobs AI will take?
(DBN)

Amdocs prepares major layoffs as new CEO launches sweeping reorganization
(DBN)

183 workers building the Chickamauga Lock to be laid off
(DBN)

Colorado's state technology office lays off 173
(DBN)

AI is changing this job so fast the interview process can’t keep up
(DBN)

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Fraud:

DOJ Restores Financial Crime Team in Latest Fraud Office Shakeup
(DBN)

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Tech:

AI sticker shock hits corporate America
(DBN)

What smart people are saying about AI costs: 'Where's the revenue?'
(DBN)

Companies evaluate aggressive AI spending as costs pile up
(DBN)

AI billionaires brace for pitchforks
(DBN)

Salesforce’s AI Agents Are Now Outworking Its Human Support Teams
(DBN)

CZ: Most AI companies will go bankrupt, and the stock prices of the survivors will be very volatile
(DBN)

AI's education explosion leaves teachers in the dark
(DBN)

Adding AI 'employees' is backfiring by creating new office scapegoats and making human workers sloppier and lazier
(DBN)

Boston seizes on California billionaire tax to lure AI jobs
(DBN)

We gave our 5,000 employees a week to do nothing but learn AI. We learned the biggest blockers are human ones
(DBN)

PIMCO Sees Emerging Divide in Junk-Bond Markets for Data Centers
(DBN)

Researchers let AI models run a simulated society. Claude was the safest—and Grok committed 180 crimes and went extinct within 4 days
(DBN)

Employees using AI are working faster, but the economy isn’t more efficient. A look at what happened in the pre-Internet era might explain why
(DBN)

SpaceX’s $80 billion IPO has a catch: 78% of the money is already spoken for • SpaceX IPO boldly steps into the unknown of AI economics • SpaceX Lowers IPO Valuation Target To At Least $1.8 Trillion
(DBN)

Anthropic hits $965 billion valuation, surpassing OpenAI
(DBN)

Anthropic Customers Creeped Out by Its Newest Models
(DBN)

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Religion:

US dioceses strive to balance abuse compensation and survival in bankruptcy settlements
(DBN)

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Military:

Iran war drives multi-year missile defense gap
(DBN)

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Celebs:

Shilo Sanders' $11 million debt causes more trouble following John Darjean's 'threat': "I would have accepted something"
(DBN)

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Accounting:

KPMG Australia’s CEO resigns after whistleblower claims
(DBN)

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Weight Loss:

Weight loss drugs like GLP-1s are easy to buy online, raising overdose and safety concerns
(DBN)

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Tax:

Calif. Billionaire Tax Could Trigger Further Exodus Of Rich, Tax Foundation Warns
(DBN)

Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
(DBN)

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Banking:

Big Banks Are Raking In Profits as Market Turbulence Shows No Signs of Easing
(DBN)

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Economy:

Key inflation gauge worsens as Americans' income and spending power erode • US inflation rose at fastest pace in three years in April as Iran war hikes up prices
(DBN)

New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs
(DBN)

It’s not just high gas prices – inflation is now spreading through the US economy
(DBN)

The Iran war costs more than you think - it boosts inflation and threatens stocks
(DBN)

Fed’s Kashkari tells CNBC that inflation fight takes priority as labor market is 'in decent shape'
(DBN)

Fed's Cook 'prepared to raise rates' if inflation persists
(DBN)

Krugman: Who’s Deranged, Exactly?
(DBN)

Poll: Trump’s economic message isn't breaking through
(DBN)

U.S. Consumer Debt Hits $18.19 Trillion In Q1 2026
(DBN)

Americans are falling behind on their $1.25 trillion credit-card bill
(DBN)

Americans’ savings rate falls to lowest level since 2022 as inflation outpaces paychecks
(DBN)

More workers are raiding their 401(k)s as average balances fall, Fidelity says
(DBN)

White House rejects ‘doomer view’ of economy
(DBN)

The wealthiest investors are pulling money out of the U.S. in the ‘de-dollarization’ trade
(DBN)

Central bank leaders warn of long-term inflation impact of Iran war
(DBN)

US Jobless Claims Tick Up to 215,000, Highest in a Month
(DBN)

State and metro employment: First quarter 2026
(DBN)

U.S. consumer spending exceeds income growth • Pressured shoppers keep stretching budgets, aiding retailers • Inflation is at a three-year high — and now many Americans are burning through their savings
(DBN)

St. Louis Fed's Musalem keeps focused on high inflation as AI develops
(DBN)

The CEOs are losing confidence
(DBN)

Interest on the national debt is eating a record 19% of federal revenue — and watchdog warns it will get worse
(DBN)

Top JPMorgan analyst maps 5 ways America’s debt crisis could unfold—and the best case is still alarming
(DBN)

AARP officials urge Congress to act on Social Security
(DBN)

Iran war keeps Fed’s inflation gauge above inflation target
(DBN)

What it would take to rebuild U.S. manufacturing might
(DBN)

A moonshot to avoid a $39 trillion national debt crisis will rely on AI productivity going even better than bulls are hoping for, says JPMorgan
(DBN)

Trump is pushing Canada and Mexico towards China
(DBN)

Why America’s rich keep getting richer
(DBN)

States of Affordability: A series on where and why US households struggle to make ends meet
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New Home Sales Decrease to 622,000 Annual Rate in April
(DBN)

Mortgage rates inch up to 6.53% - the latest blow for sidelined spring buyers • Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week
(DBN)

Why Delaware keeps ranking highest for home foreclosures
(DBN)

Real-Estate Agents Are Quitting the Slow Housing Market
(DBN)

Homebuyer affordability slips in April as median mortgage payment rises to $2,152
(DBN)

Housing markets are adapting to higher rates instead of freezing
(DBN)

Investor Home Purchases Fall to Lowest Level Since 2020
(DBN)

What we know about the FBI's raid at Bridgeport's Success Village housing co-op
(DBN)

Ron DeSantis reveals plan to massively reduce property tax
(DBN)

Sale of Oceanwide Plaza graffiti towers in LA delayed
(DBN)

The seller of a $2.9 million San Francisco home is accepting payment in Anthropic or OpenAI stock
(DBN)

Buying A Home Feels Unaffordable. But So Is Owning One, Seniors Find
(DBN)

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Oil/Gas:

Chevron CEO warns oil prices to jump over summer as supplies dwindle
(DBN)

U.S. Crude Exports Surge To All-Time Highs Amid SPR Releases • Here's the real story behind the record drop in America's oil reserves
(DBN)

The Iran war may be winding down, but the era of $60 oil could be over
(DBN)

Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’
(DBN)

US LNG has a capital problem
(DBN)

Inside the Strait of Hormuz shutdown: A visual guide to the world’s most critical oil chokepoint
(DBN)

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Agribusiness:

Farm bankruptcies hit six-year high in April
(DBN)

More Minnesota farmers file for bankruptcy as crisis deepens
(DBN)

Farmers in New Jersey lose $300 million after peach crop failure
(DBN)

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Politics:

Tracking approval and key issues • The president's net approval rating is -24 • Trump’s approval plunges among his White working-class base
(DBN)

Why $250 bills bearing Trump's face are a tough legal sell
(DBN)

White House before and after Trump images show the extent of 'destruction' underway
(DBN)

The Trump Administration Is Spending $5 Million to Coat Horse Statues in Gold
(DBN)

The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr.
(DBN)

Dell Gets a $9.7 Billion Defense Contract. Trump’s Portfolio Stands to Benefit. • Michael Dell courted Trump early. His company has reaped rewards • Dell's stock heads for a record-smashing gain, as the AI boom drives a big earnings beat
(DBN)

Fact-checking Trump on Reflecting Pool renovations
(DBN)

Fact-Checker Torpedoes Trump Over Gaffes and Whoppers at Cabinet Meeting
(DBN)

Trump's retribution tour seeks new, more loyal MAGA guard
(DBN)

Bare-Knuckle Tactics and Brash Promises: How Howard Lutnick Operates
(DBN)

Buyer's remorse hits Trump's Latino voters
(DBN)

Springsteen calls Trump ‘racist’ and ‘treasonous’ at DC show
(DBN)

Gov. Gretchen Whitmer Says She Will Not Run for President in 2028 • What’s next for Gretchen Whitmer?
(DBN)

Buttigieg leads crowded 2028 Democratic field in new poll
(DBN)

Multiple artists listed for America 250 event on National Mall deny involvement • MAGA Melts Down After Music Star Ditches Failing Trump Event
(DBN)

Jill Biden Worried Her Husband Was Drugged on Debate Night
(DBN)

Epstein survivors have little faith Pam Bondi interview will produce answers
(DBN)

Republicans are poised to finish this year’s redistricting war 10 seats ahead of Democrats
(DBN)

Ken Paxton Won His Senate Primary And His (Estranged) Wife Couldn’t Be Bothered To Endorse Him
(DBN)

White House to tighten grip on $1 trillion in federal grants
(DBN)

He hasn’t been seen in Congress for months. Now Republicans are worried.
(DBN)

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Personal Genomics:

California sues former 23andMe over 2023 ancestry and genetic data breach
(DBN)

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Private Credit:

Financial Covenants in Private Credit Transactions: Leverage Ratios, Covenant Design and Risk Allocation
(DBN)

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Trucking:

Freight market pushes another wave of trucking firms into bankruptcy
(DBN)

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Software:

And just like that, the software apocalypse was over
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Study shows increase in Connecticut bankruptcy filings since 2025
(DBN)

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Subchapter V:

Can A Subchapter V Election Be Revoked Without Debtor’s Consent? (USA Cricket)
(DBN)

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Aviation:

Another airline shuts down after losing license, cancels all flights
(DBN)

Spirit Airlines is auctioning off coveted New York LaGuardia flight slots • FAA chief: Spirit's slots at LaGuardia should go to another low-cost carrier
(DBN)

Illinois and Colorado are coming for your airline miles
(DBN)

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Entertainment:

Big studios are ditching Hollywood for New Jersey’s lavish tax breaks
(DBN)

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Labor:

Labor union participation is on the rise even as US companies spend $1.7 billion annually to halt union formation
(DBN)

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Education:

Saint Augustine's University faces bankruptcy crisis, no students enrolled • This university in Raleigh doesn’t have a single student. Can it really survive? • The (Slow) Death of An HBCU
(DBN)

The Harvard economist behind the Education Scorecard says the 'learning recession' is more than a COVID problem—it's at least a decade old
(DBN)

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Horse Racing:

Distressed Hawthorne Race Course gets green light to subpoena Illinois officials
(DBN)

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Prediction Markets:

The ads got to me: College-age adults are rushing to prediction market sites. Addiction experts are alarmed
(DBN)

‘Scum’: Trump attacks US states’ efforts to regulate prediction markets
(DBN)

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Retailing:

Saks poised to emerge from bankruptcy and award bonuses to top execs
(DBN)

In QVC’s bankruptcy battle, preferred shareholders challenge $400M settlement in court
(DBN)

Kohl's rallies as Q1 beats gloomy expectations, gives boost to department store peers
(DBN)

Gap and American Eagle stock are both getting crushed, and neither retailer is blaming the economy
(DBN)

Retail Stocks Surge With US Shoppers Surprising Wall Street
(DBN)

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Consumer Protection:

CFPB’s Return-to-Office Plan Sets Stage for Resignation Wave
(DBN)

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Sports:

NBA Commissioner Announces Plans to Let AI Take Over for Lazy Referees
(DBN)

The new bipartisan college-sports bill is bad news for the richest NIL athletes. Here's why.
(DBN)

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Climate:

This Summer Is Going to Kill a Lot of People
(DBN)

Flood risk is a growing credit challenge in U.S.: Moody's
(DBN)

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Food/Beverage:

Carl's Jr. franchise in bankruptcy liquidating 49 stores
(DBN)

McCormick & Schmick's steak and seafood chain closes 80 locations
(DBN)

Distressed California Winery Owners Have Ways to Protect Assets
(DBN)

John Wayne’s ‘favorite’ steakhouse restaurant that will permanently close on June 30 after 56 years of serving prime rib
(DBN)

PLANTA Closes Toronto Locations After Bankruptcy Restructuring, Bets on US Recovery
(DBN)

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Media:

Washington Star sues NOTUS over name rebranding despite going bankrupt 45 years ago
(DBN)

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Golf:

LIV Golf could be sold in ‘next 30 days’ • LIV Golf in the rough, considering options with restructuring professional
(DBN)

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Non-Profits:

The Bankruptcy That Could Kill 800 Dogs
(DBN)

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Healthcare:

From California to Minnesota, rural hospitals push to keep their doors open
(DBN)

Philly abruptly dropped its jail healthcare contractor after more than 3 decades
(DBN)

CDC: About 8 percent of US was uninsured in 2025
(DBN)

Hundreds of thousands of children lose Medicaid coverage
(DBN)

Most CFOs won't say this out loud: 'There is no playbook'
(DBN)

Hiltzik: The Republican assault on Obamacare has created a healthcare bloodbath, with worse yet to come
(DBN)

Ebola spreads as concerns grow over US response • Another suspected ebola case in Europe as patient displays symptoms of deadly virus after journey from outbreak hotspot • US, Mexico, Canada rolling out Ebola-related travel measures ahead of World Cup • Ebola crisis could become worst on record
(DBN)

US trails peer nations on life expectancy, primary care access: 8 findings
(DBN)

Vomiting virus is spreading across most of the U.S.
(DBN)

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UK:

Champions League winner was forced to sell medal and trophy to escape bankruptcy
(DBN)

Major UK charity collapses into liquidation - £430k in debt
(DBN)

One in three workers have had to create extra income to make ends meet
(DBN)

Business confidence climbs in May
(DBN)

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MENA:

U.S. and Iran reach deal but need Trump's approval, officials say • US, Iran agree to 60-day truce extension pending Trump signoff • What’s in the proposed deal that could end the US-Iran conflict? • Iran reportedly launches missiles as Trump mulls deal to pause war • Is Trump fleeing Armageddon?
(DBN)

Netanyahu directs Israeli forces to expand Gaza control to 70 percent
(DBN)

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Brazil:

Raízen Bonds Jump on Disclosure of Terms for Restructuring Deal
(DBN)

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Cuba:

Trump's accelerating squeeze on Cuba • ‘This Could Get Messy’: Trump Officials Spill on Plans for Military Action in Cuba • Cuba's humanitarian crisis deepens as U.S. presses for regime change
(DBN)

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Russia:

Russia overspends on Putin’s war in Ukraine by $28bn
(DBN)

Inside Putin’s $26 billion quest for longevity
(DBN)

Russian drone hits apartment building in Romania • NATO chief says alliance ‘ready to defend every inch of Allied territory’ after Russian drone hits member state Romania
(DBN)

____________

India:

Insolvency recoveries nearly halve in FY26 due to rising delays
(DBN)

As IBC completes 10 years, FM says it strengthened financial system
(DBN)

IBC | Once CoC Approves Resolution Plan, Successful Resolution Applicant Can't Negotiate Further : Supreme Court
(DBN)

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