May 5, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

What the most successful rainmakers know about building a practice
(DBN)

AI Missteps in Law: The Critical Need for Human Oversight
(DBN)

A lawyer reveals how he snagged $9 million in 4 days for his AI-native law firm
(DBN)

Attorney remains jailed for refusing to disclose anonymous plaintiffs in HOA lawsuit
(DBN)

Arrests in massive human trafficking sting connected to Trump, Jan. 6
(DBN)

Law Revue Video Contest 2026: The Finalists!
(DBN)

Brad Karp Takes His Epstein-Stained Résumé To Harvard Law
(DBN)

Lawyers frustrated with law firm HR increasingly air grievances online
(DBN)

Staffing Crisis is Unfolding Inside Justice Dept., Giving Criminal Defendants New Leverage
(DBN)

FTC calls on Tennessee Supreme Court to end reliance on ABA law school accreditation
(DBN)

Thomson Reuters hit with lawsuit accusing it of violating state privacy statute
(DBN)

Criminal defense lawyer allegedly punched in face after client gets maximum sentence for murder
(DBN)

Legal Ethics Roundup: Supervising Lawyer Sanctioned For AI Use, Donor Disclosures For Judges, Private Equity In Law Firms, Best Legal Shows & More
(DBN)

Internal ICE records reveal widespread use of force in detention centersOn deportations, 52% of Americans say Trump administration is doing too much (2026) Federal grand jury indicts man shot by ICE agents during California traffic stopA push to shield immigrant aid workers is raising 1st Amendment concernsFirst Circuit scrutinizes denial of bond hearings for ICE detainees
(DBN)

Todd Blanche Goes On TV To Defend Voter ID And Accidentally Reveals He Has Never Been To A Restaurant
(DBN)

Secret Service officer arrested for indecent exposure in Miami after Trump golf event
(DBN)

Todd Blanche’s Kayfabe Comey Case
(DBN)

DOJ Posts Star Wars-Themed Tweet Seeking Recruits Who Misunderstand The Whole Point Of Star Wars
(DBN)

DOJ asks Second Circuit to back end-run installation of Trump’s disqualified New York US attorney pick
(DBN)

Mass shooting at Oklahoma lake party injures 23 – the latest in a rash of shootings at youth parties
(DBN)

Behind-the-scenes of shock U-turn in Sandra Birchmore case as cop to stand trial for ‘killing her & staging as suicide’
(DBN)

Great-grandmother getting her mail was mowed down and killed by drunk neighbor: Police
(DBN)

Man chased family for miles, shot car several times in road rage incident: Police
(DBN)

Subway manager who trapped 10-year-old girl behind a locked door avoids imprisonment
(DBN)

Man who said 'fat slob' dad's death was suicide was not very convincing: DA
(DBN)

Ex-JPMorgan banker Chirayu Rana files wild new claims against exec — including lurid threesome invitation — days after going viral with ‘fabricated’ sex slave allegations
(DBN)

Man stabbed his brother to death for not cleaning up the kitchen: Police
(DBN)

Wife had ex-husband killed after seeing him 'building a new life for his daughter'
(DBN)

'Humiliated' husband killed wife after learning 'she and her friends made fun of him'
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Judges:

Obituary and Funeral Services for The Honorable John T. Dorsey
(DBN)

Supreme Court restores access to abortion pill mifepristone through telehealth, mail and pharmaciesAbortion pill rulings cause whiplash and confusion
(DBN)

FTC to Judiciary: Ban Judges, Justices and Staff from Prediction Markets
(DBN)

Louisiana exoneree’s first day as elected clerk gets messy after court intervenes
(DBN)

Alito, Jackson spar as Supreme Court speeds up Louisiana redistricting judgmentCourt agrees to immediately finalize Voting Rights Act decision
(DBN)

Clarence Thomas’s Stranglehold On History
(DBN)

Two procedural moves by the justices on Monday reinforce criticisms that the Court behaves differently in otherwise similar cases based solely on the ideological/partisan valence of the dispute
(DBN)

The Supreme Court Must Clarify the Establishment Clause Law Now
(DBN)

Musk, KKR Lawsuits Traded by Judges Over Conflict Concerns
(DBN)

Judge orders release of contractor accused of sharing classified info with Wapo reporter
(DBN)

Magistrate judge says alleged WHCD attacker being mistreated by DC jailJudge apologizes to WHCD shooting suspect Cole Allen over jail conditions Why the latest would-be Trump assassin is so hard to figure out
(DBN)

What the Supreme Court still has left to decide this term
(DBN)

Gorsuch: Trust The Process, Not The Leaks
(DBN)

Judge on challenge to Trump golf course takeover: ‘I’m no Amy Poehler’Judge warns DOJ not to test her patience at end of odd hearing on 'very dangerous' trees
(DBN)

Trump DOJ forced to issue rare apology to judge for DHS' behavior online
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Wall Street:

Stock futures gain after oil pullback, strong earnings
(DBN)

Wall Street drops from its records and oil prices jump as uncertainty risesDow tumbles 500 points, oil spikes 5% as Iran tensions stoke fear on Wall Street
(DBN)

This is why stocks keep rallying, according to Morgan Stanley
(DBN)

Deutsche Bank denies training bankers to manipulate markets
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Layoffs:

Credit Acceptance Layoffs Signal Subprime Slowdown
(DBN)

BofA throws cold water on AI apocalypse panic: 60% of today’s jobs didn’t exist in 1940
(DBN)

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Religion:

Pope Leo appoints Trump critic as bishop of West Virginia
(DBN)

He Remade the Southern Baptist Convention in His Image. Then Came the Abuse Allegations.
(DBN)

Swastikas daubed on NY Jewish homes, synagogues: police
(DBN)

Pete Hegseth’s Pastor has Horrible Things to Say About Women—Again
(DBN)

Rubio expects 'frank' meeting with pope as Trump takes fresh potshots at Leo
(DBN)

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Food/Beverage:

Some Fat Brands lenders are objecting to the company’s sale
(DBN)

Lender, receiver oppose fast track in Uncle Nearest case
(DBN)

Pappas Restaurant, Inc. officially takes over Dallas' On the Border chain
(DBN)

Multi-Brand Franchisee Looks Beyond Bankruptcy With New Majority Partner
(DBN)

McDonald’s officially calls to end all self-serve soda fountains at every location – and no more easy free refills
(DBN)

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Assisted Living:

CCRCs take different paths as they emerge from bankruptcy with reimagined futures
(DBN)

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Celebs:

Cardi B Battling Tasha K in Court for Talking About Offset's Gambling
(DBN)

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Credit Cards:

A Bill That Would Result In Us Losing Our Credit Card Rewards
(DBN)

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Agribusiness:

Texas winery files rare Chapter 12 bankruptcy
(DBN)

California peach growers get federal aid to pull trees. Here's what to know
(DBN)

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Private Credit:

Jamie Dimon warned the cockroaches were coming — so far, it's just crickets
(DBN)

AI disruption raises concerns over recovery values in private credit software lending, says Davidson Kempner
(DBN)

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Logistics:

Amazon is taking on FedEx and UPS. That may not be so simple.
(DBN)

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Gambling:

Sports Betting Is Everywhere, Especially on Credit Reports
(DBN)

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Autos:

Audi flags Trump tariff plan as threat to carmaker’s outlook
(DBN)

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Crypto:

Trump family crypto venture sues major backer for defamation
(DBN)

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Transit:

World Cup fans cry foul over ‘unprecedented’ US transport costs
(DBN)

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Finance:

Vendors as Lenders: A Risk (and Opportunity) in Distressed Deals
(DBN)

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Mining:

Boroo Enters Exclusive Talks to Acquire Defunct Eagle Gold Mine
(DBN)

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Economy:

One in three Americans say they have too many credit cards
(DBN)

What is, and isn't, worrying about 100% debt to GDP
(DBN)

Pirro changes course in Fed investigation, unlikely to satisfy Powell
(DBN)

Immigration crackdown backfires? US-born workers lose jobs amid ICE arrests
(DBN)

Welcome to the Great Hunkering Down
(DBN)

America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the US economy from the worst of the oil shock, top economist says
(DBN)

81 percent of young Americans say economic conditions are bad or terrible: Survey
(DBN)

Here's what the growing gap between Americans with good and bad credit says about the economyTransUnion Flags ‘K-Shaped’ Credit Divide As Mortgage Delinquencies Climb, Refi Activity Surges
(DBN)

Fed's Williams says the US economy is entering a more uncertain phase
(DBN)

Inflation surges, gas soars—but American consumers are barely flinching
(DBN)

The silent crisis taxing your grocery bill could get a lot louder
(DBN)

Beef prices are near record levels. The DOJ wants to know if something shady is afootChicken gains momentum as beef costs bite
(DBN)

Consumers face more pain as companies threaten price rises
(DBN)

How the US.-Iran war is hitting economies beyond the front lines
(DBN)

Where new grads are finding jobs
(DBN)

HSBC's darkest scenario: stock markets down 35% and oil at $145
(DBN)

The dark side of the American work ethic: widespread sleep deprivation, linked to obesity, depression, even early death
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Asking Rents Continue to Decline Year-over-year
(DBN)

Foreclosures hit highest level in 6 years as insurance, property tax costs squeeze homeownersForeclosure rates climb to six-year highs as cities in one region hit the hardest
(DBN)

CMBS Delinquency Rate Dips by Single Basis Point
(DBN)

Court revives Eli Karp’s loan-to-own claim against Madison Realty Capital
(DBN)

UT: Foreign investor fund moves to take over bankrupt Wohali
(DBN)

NAR Sounds Alarm Over Federal Housing Program Cuts
(DBN)

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Oil/Gas:

Global oil prices climb back above $110 a barrel after disputed report of Iran strike on U.S. warship
(DBN)

Gas prices rise 30 cents in past week
(DBN)

The oil price crunch is looming
(DBN)

Top US oil producer declares 'green' light on drilling for more oil amid Iran war
(DBN)

Why the Iran war might not spur a faster transition to low-carbon energy
(DBN)

Bessent: ‘Help is on the way’ on gas prices
(DBN)

The secret to lowering gas prices in the U.S.? Selling American oil overseas.
(DBN)

The world has plenty of oil, but a different shortage is emerging
(DBN)

The big OPEC shakeup is about a lot more than oil
(DBN)

Citgo Petroleum's Breathing Room Extended by U.S.
(DBN)

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Politics:

Tracking approval and key issuesMost Americans say Trump is mentally, physically unfit to serve effectively: PollTrump's bad polls spell trouble for GOP ahead of midtermsGOP, Trump face tough midterm odds: 5 things the polls revealCharting how Trump became a historically unpopular president
(DBN)

Republicans' youth voter problem
(DBN)

GOP spots an opening with Black voters
(DBN)

Inside Trump's assault on public records
(DBN)

Inside the Quiet Republican Effort to Flip Fetterman
(DBN)

Paranoia, turmoil and backlash: Inside the FDA under Marty Makary
(DBN)

The Republican Party may not survive the Trump day of reckoning
(DBN)

Voters Sue Over Louisiana Governor’s Move to Delay PrimarySupreme Court Over the Dissent of At Least Justice Jackson, Breaks Its Usual Procedural Rules to Allow Louisiana to Minimize Black Voting Rights in the Middle of an Ongoing Election
(DBN)

Top Democrat aims for New York redistricting after Supreme Court’s Voting Rights ruling
(DBN)

Warned off vaccine actions, Kennedy seeks quick health wins ahead of midterms
(DBN)

Trump Media stock is down nearly 90% from its peak. Even Trump's name isn't saving it.
(DBN)

Sen. Schiff: "Illegal war" in Iran is clearest violation of the 'War Powers Act' we've ever seen
(DBN)

Murkowski spearheads GOP showdown over Iran
(DBN)

Trump says Iran war could drag on for another three weeks
(DBN)

Trump disputes ABC reporter’s account of call after WHCA dinner
(DBN)

Obama confesses Trump has caused 'tension' in his marriage after Michelle issues dramatic pleaObama says his impact would be diminished if he criticized Trump more often
(DBN)

Krugman: The Death Star Administration
(DBN)

Rep. Chuck Edwards singled out young female aides for special attention
(DBN)

DeSantis signs Florida's new GOP-friendly congressional map into law — but lawsuits likely loom
(DBN)

Why Dems would (or wouldn't) pick Talarico for VP in '28
(DBN)

Graham Platner has Democrats wondering if they need an outsider to win the White House
(DBN)

Trump to deport hundreds of bison from Montana
(DBN)

House Dems issue rare rebuke of their own campaign arm
(DBN)

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Theme Parks:

Taxpayer-funded Texas waterpark announces 'Muslim only' day featuring modest dress and Halal-slaughtered meat‘Muslim only’ event at taxpayer-funded Texas waterpark gets major splash back: ‘Should we expect a Christians only day?’
(DBN)

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Fraud:

Is the Person You’re Talking to Even Real? The New Wave of Synthetic Identity Theft
(DBN)

Real Estate Investment Guru Gets 5 Years in Prison for Fraud
(DBN)

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Credit Reporting:

Lawmakers Demand Answers About Growing Number of Unfixed Mistakes on Credit Reports
(DBN)

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Retailing:

GameStop makes daring $56 billion bid for eBay, hoping to rival AmazonWhat the meme-stock faithful are saying about GameStop's attempt to buy eBayGameStop CEO Ryan Cohen in Awkward CNBC Exchange on eBay BuyGameStop's $56 billion eBay bid stokes investor doubts as shares lag offer'Big Short' investor Michael Burry says he'll sell GameStop stock after the bold eBay offerWhy GameStop's offer for eBay feels weirdGameStop wants to buy eBay for $56 billion. Wall Street has one big question
(DBN)

The CEO of Saks says the company is ready for a comebackSaks Global expects to exit bankruptcy in June with $1.2B in debtSaks Global culls large chunk of its corporate workforce
(DBN)

QVC: ‘C’ for Committee?
(DBN)

Arnault goes from buyer to seller as luxury’s long winter drags on
(DBN)

Selling with no store, Painted Tree vendors say they're out thousands of dollars following the closure
(DBN)

GameStop launches a $56 billion bid for eBay - but the math isn't working outGamestop’s Ryan Cohen is either the new Buffett or the anti-Buffett
(DBN)

Outdoor retailer in business 58 years closes locations; could be bankruptcy-boundWest Marine Ready for Bankruptcy?
(DBN)

It's not in your head: Costco has gotten more crowded
(DBN)

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Rail:

Brightline cuts losses yet 'substantial doubt' remains it can avoid bankruptcyBrightline's future in doubt amid financial troubles
(DBN)

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Media:

Alex Jones' Infowars site has finally shut down — for now
(DBN)

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Healthcare:

Healthcare bankruptcies rise in Q1: report
(DBN)

DOJ launches strike force targeting West Coast healthcare fraud
(DBN)

Nebraska rolls out Medicaid work requirements, putting tens of thousands at risk of coverage losses
(DBN)

Bankruptcy court approves stalking horse bid for Omnicare assets, canceling auction
(DBN)

Alabama hospital files for Chapter 11
(DBN)

Nevada hospital ends inpatient care, converts to rural emergency status
(DBN)

Hospitals face growing fallout from ACA coverage cliff
(DBN)

Insurers’ ACA retreat continues: 4 notes
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Crimes:

Iowa farmer pleads guilty to $250K bankruptcy fraud schemeAdmits stealing $250K from partner, lying in bankruptcy court
(DBN)

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Mass Torts:

Federal judge has ‘grave concerns’ about Missouri Roundup deal
(DBN)

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Cross-Border:

The Curious Case of Dissolved Foreign Companies in Cross-Border Insolvency: Comparative Perspectives Across the BVI, DIFC, and ADGM
(DBN)

Singapore, Indonesia courts forge cross-border insolvency agreement to streamline debt restructurings
(DBN)

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Aviation:

Inside the chaotic morning Spirit workers learned they were out of a job: 'Take your uniform off'Spirit Airlines mourned by budget travelersSpirit Airlines Wind-Down Plan Calls for Millions in Bonus PayEerie Spirit Airlines graveyard with dozens of out-of-service planes – jets were abandoned months before final shutdownJetBlue offering $99 fares to stranded Spirit Airlines travelersWhat Travelers Should Know About Getting Refunds and Booking—or Rebooking—Trips Following Spirit Airlines’ Demise Spirit Airlines Seeks to Start Orderly Wind-Down to Sell Assets Spirit Airlines blame game is going strongSpirit Airlines seeks approval to make retention payments as it ends operations‘Let’s Buy Spirit’: Why Thousands Have Pledged $88M for Airline Campaign A Spirit Airlines fan has launched Spirit 2.0, a crowdsourcing effort to buy the airline: 'The people can own it' Spirit Airlines seeks approval to make retention payments as it ends operationsSpirit workers scramble for new jobs as grounded airline asks court to approve wind-down plan Spirit Airlines says it has no choice but to liquidate operationsSpirit Airlines CEO on carrier's collapse: 'We just kind of ran out of runway'Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaksWhy did Spirit fail? Too many passengers hated flying itSpirit Airlines wasn’t 'destined to prosper': Byron York
(DBN)

Budget airlines seek federal aid as Spirit shuts down after failed rescue
(DBN)

JetBlue faces market headwinds
(DBN)

Spirit Airlines is no more, but discount plane tickets are here to stay
(DBN)

Crazy video captures moment plane landing at Newark strikes bakery truck
(DBN)

Delta cancellations: Why the airline scrapped nearly 400 flights
(DBN)

With Fuel Prices Soaring, Airlines Brace for Narrower Margins
(DBN)

Why you’re paying for the jet fuel shortage when you fill up your car
(DBN)

Passenger ‘sexually assaulted sleeping woman on flight to Miami & left creepy note behind’
(DBN)

Passengers on Singapore Airlines plane that plunged 180ft in just 4 seconds during turbulence & killed one sue airline
(DBN)

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Education:

Palm Valley School Files for Chapter 11 Bankruptcy Amid Enrollment Discrepancies and Third-Party Takeover Rumors
(DBN)

Belmont University, Tennessee, gets negative outlook from S&P
(DBN)

Did School Cellphone Bans Work? New Study Finds Mixed Results.
(DBN)

Education Department launches Title XI investigation into all-women’s college
(DBN)

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Cruise Lines:

A cruise ship is waiting for help after 3 people died in a suspected outbreak of the rare hantavirusDoomed vessel at center of suspected deadly hantavirus outbreak refused permission to dock as 150 passengers trappedPassengers stranded on cruise off Cape Verde following suspected virus deaths'If all six have hantavirus, that's very worrisome': This is the key question about the cruise-ship outbreak
(DBN)

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Fashion:

The Most Heinous Looks at the Bezos-Sponsored Met GalaSee Every Met Gala 2026 Red Carpet Look From Last Night
(DBN)

Mamdani skips Met Gala, calls attention to fashion workers
(DBN)

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Banking:

Florida bank acquires failed Georgia lender’s deposits
(DBN)

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Tech:

Trump’s former AI czar says the quiet part out loud on the economy: 'Stopping progress in AI would be equivalent to halting the US economy'
(DBN)

AI Outperforms Doctors at Diagnosing Patients in Major Harvard and Stanford Study
(DBN)

AI can’t solve America’s diagnosis crisis
(DBN)

Second phase of Meta trial begins in New Mexico
(DBN)

I read my boyfriend's ChatGPT and it ended our relationship
(DBN)

AI godfather Yann LeCun's blunt advice for the AI age
(DBN)

White House Considers Vetting A.I. Models Before They Are Released
(DBN)

New frontier of AI forces Trump's heavy hand
(DBN)

Elon Musk gets just a slap on the wrist as he settles Twitter lawsuit
(DBN)

OpenAI president defends his motives in for-profit restructuring as he reveals $30bn personal stakeOpenAI President Greg Brockman grilled over embarrassing diary entries while taking charitable donations from Elon Musk: ‘What will take me to $1B?’
(DBN)

Pentagon strikes deals with 8 big tech companies after shunning Anthropic
(DBN)

States across the wildfire-prone Western US are using AI for early detection
(DBN)

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Insurance:

California Moves To Suspend State Farm Over Wildfire Claims
(DBN)

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UK:

Pair of non executive appointments to Insolvency Service board
(DBN)

HSBC profits hit by fraud-related credit losses HSBC Results Disappoint on Surprise $400 Million MFS Charge HSBC $400M Fraud Loss Explained: Who Is Liable After Market Financial Solutions Collapse?
(DBN)

HMRC issues surprise tax bills to 700,000 UK households
(DBN)

Private equity firms face reckoning as £31bn broadband push turns sour
(DBN)

Consumer credit growth climbs to 8.9%
(DBN)

Number of businesses in ‘critical distress’ increases by a third
(DBN)

Rachel Reeves rowed with Scott Bessent over Iran war criticism
(DBN)

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EU:

France says EU will retaliate if US threatens its industries
(DBN)

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Canada:

Canadians Judge Bankruptcy Harshly — Until It Hits Close to Home
(DBN)

Owner of Ekati diamond mine in N.W.T. files for creditor protectionEkati diamond mine in jeopardy as owner seeks insolvency protectionNWT ‘closely monitoring’ Ekati insolvency proceedings
(DBN)

Monette gets extension of creditor protection and additional financing for seeding
(DBN)

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MENA:

Shipping Firms Left Guessing by Confusion in Strait of HormuzUAE says Iran has resumed attacks as the US moves to reopen the Strait of HormuzUS-Iran ceasefire holds after Hormuz clashes and UAE strikesGulf ceasefire shatters as US and Iran clash over Strait ‘You could say the ceasefire has ceased’: Iran is back on Wall Street’s radar as oil prices spike 6% Ships Cluster Further From Hormuz Strait as Iran Widens Grip Shipping Freeze Deepens in Strait of HormuzIran opened fire on US warships; 6 small boats destroyed in retaliation: Centcom U.S. and Iran exchange fire in Strait of Hormuz Oil pares gains after US says two vessels crossed Strait of Hormuz UAE 'intercepts Iranian missiles' - as US destroyers cross StraitIran Defies Trump and Tightens Its Grip on HormuzTrump’s new plan to ‘guide’ merchant ships through Hormuz leaves many questions unansweredUS says it has missile destroyers in Gulf and two American ships have crossed straitIran ceasefire under threat as Trump’s ‘Project Freedom’ escalates Strait of Hormuz tensionsTrump urges South Korea to join Iran war after ship fired uponTrump says Iran will ‘be blown off face of earth’ if they attack US warships in Strait of Hormuz as two vessels ‘freed’"He wants action": Trump's frustration with Iran stalemate sparked Hormuz gambitIsrael 'ready to attack Iran immediately' as Middle East on brink of new warA closed Strait of Hormuz was once unthinkableBessent Calls on China, Allies to Join US Operation in Hormuz
(DBN)

Chef José Andrés warns of multi-year world famine from Iran war
(DBN)

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Mexico:

One of the world’s largest cities is sinking by nearly a foot annually — risking displacement of millions of citizens
(DBN)

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Germany:

Almost a third of Germans back AfD as far right hits new highs
(DBN)

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Australia:

Insolvency numbers surge in Australia as economic pressures mount
(DBN)

Australia becomes a trade deal champion to counter Donald Trump and China
(DBN)

Australia bucks global trend and raises interest rates
(DBN)

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India:

Supreme Court clears way for Byju’s insolvency, dismisses Raveendran’s appealSupreme Court Dismisses Byju Raveendran's Plea, Upholds Restoration Of CoC In Byju’s Insolvency
(DBN)

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Austria:

Signa's Insolvency Administrator Declines to Challenge the 700-Million-Franc Judgment in Geneva
(DBN)

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Brazil:

Drowning in Debt, Eight Million Firms Miss Payments in Brazil
(DBN)

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