November 4, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Till Dissolution Do Us Part: Inside Weil’s Biglaw Breakup • Quinn Emanuel Nabs Top Weil Litigator as NY Firm Dissolves • What Weil Gotshal teaches us about how law firms die • Former Weil partners lawyer up over firm’s wind-down • Weil Gotshal collapse exposes the fragility of law firm partnerships • Kirkland Gets Closer to Hiring Weil's Ramona Nee, Along With 20-Member Team • AI Law Firms Circle What Is Left of Weil Gotshal • Latham saves five Weil trainees ahead of firm’s shock closure
(DBN)

Caption Contest: Weil Still Has A Ghost Of A Chance With A ‘Merger’ Partner Like This
(DBN)

Despite White House Pressure on Big Law, Several Law Firms Staffing Call Centers for Voters
(DBN)

Democrats Leverage House Control to Investigate Trump-Big Law Connections
(DBN)

Winston Taylor Associates Are Getting Milbank Money… Eventually
(DBN)

Latham Promotes 70 Associates to Counsel 2026
(DBN)

Another Law School in El Paso?
(DBN)

Will JD Hiring Plunge as Enrollment Booms?
(DBN)

New York State Bar Association tells lawyers not to bill for time saved by AI
(DBN)

No Soup For You! 5 ‘Seinfeld’ Lessons Every Lawyer Needs To Learn About Business Development
(DBN)

Lawyer bar exam pass rates plummet in California, other large states
(DBN)

US Law Firms Double Down on Super Size London Takeover
(DBN)

Law Firms Need An AI Strategy, Not Another AI Subscription
(DBN)

State bill allows consumers to hold AI chatbot providers liable
(DBN)

'Me and ChatGPT Have Become Attorneys, But That's Scary': Texas Mom Settling Her 6-Year-Old's $53,000 Injury Claim Alone
(DBN)

Justice Dept. election monitors overwhelmingly deployed to Democratic locales • DOJ Sends Election Monitors To All 50 States, Judge Tells Them Not To Bring Guns • DOJ election monitors 'ask voters unusual questions' at polling stations • Newsom Threatens To ‘Track Down’ and Arrest Federal Agents at Polling Stations
(DBN)

Democrats Gear Up for DOJ Oversight with Subpoena Power in New Majority Strategy
(DBN)

DOJ argues forcing testimony in Trump lawsuit would place 'undue burden' on Jack Smith
(DBN)

ICE Is Inspiring Latinos to Vote in Historic Numbers • Trump’s Immigration Dragnet Sweeps Up Ukrainian Truckers Who Fled War
(DBN)

West Point cadet drugged pregnant girlfriend with spiked shake, then forced abortion in gruesome assault
(DBN)

Russell Brand Jury Begins Deliberations
(DBN)

Oklahoma man charged with mailing letters containing powder to officials ahead of 2024 election
(DBN)

10-year-old died after dad refused tracheotomy — now he's indicted for reckless homicide
(DBN)

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Judges:

Judge who invoked role in garbage fine battle admonished
(DBN)

‘Are You Kidding Me Right Now?’ Federal Judge Asks Trump DOJ Official
(DBN)

DOJ says judge in Trump arch case must 'issue a decision,' stem tide of emergency motions
(DBN)

Full 9th Circuit caps series of election orders by backing DOJ’s 'core' functions
(DBN)

US Appeals Court Questions Trump-Era Restrictions on Congressional Visits to ICE Detention Centres
(DBN)

Judge says it's time to hold ICE 'liars' accountable after officer fesses up
(DBN)

Supreme Court seems likely to side with Catholic preschools in fight over Colorado program
(DBN)

Federal Judge Deliberates State-Federal Jurisdiction in Attorney Discipline Case
(DBN)

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Wall Street:

A blue wave sends futures into the green • U.S. stock futures extend gains as Democrats sweep to power in Congress • Why Did US Stock Futures Rebound After Democrats’ Midterm Sweep?
(DBN)

World markets broadly rise as US midterm elections give Democrats majority in Congress
(DBN)

Billionaire Wall Street pessimists are predicting an epic stock market crash will wipe out 80% of your 401(k)
(DBN)

Hedge fund Elliott warns of FOGO: Fear of getting obliterated in the market
(DBN)

Goldman's Molavi Says 60% Of S&P 500 Is In Bear Market Territory
(DBN)

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Layoffs:

There Are Now Growing Signs That AI Is Hurting Employment in the Job Market
(DBN)

Nice cuts 500 jobs, but investors may be looking for much deeper changes
(DBN)

Canva cuts 1,271 jobs, 22% of workforce, as CEO cites slowing growth
(DBN)

Portland Public Schools has a $65M budget gap, district says, necessitating hundreds of layoffs
(DBN)

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Healthcare:

Pennsylvania health system files for Chapter 11 bankruptcy • Holy Redeemer Hospital Owner Files For Bankruptcy • Holy Redeemer Hospital Bankruptcy: Abington Hospital Stays Open
(DBN)

New York reports first measles-linked child death in over 30 years
(DBN)

Therapy’s role in the toxic trend of family estrangement
(DBN)

CVS Health moves to dismantle $117bn healthcare empire
(DBN)

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Climate:

Florida’s Space Coast Gets Up to 27 Inches of Rain in 36 Hours as Palm Bay and Valkaria Receive Half a Year’s Rainfall
(DBN)

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Tax:

America’s tech elite are holding their breath as they await California’s billionaire tax vote
(DBN)

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Solar:

Brutal NIMBY Regulations Are Crushing the Kind of Solar Farms Researchers Say Are a Godsend for Local Ecology
(DBN)

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Fraud:

Washington State Judge Pauses $230 Million Ponzi Scheme Lawsuit Against Ashurst Perkins Coie Amid Bankruptcy Proceedings
(DBN)

TV host who proposed to Tom Brady arrested in $160M fraud scheme — after five years on the run
(DBN)

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Crypto:

Binance Says Hackers Plotted $6.3 Billion Heist for Months • Binance hackers used fake interviews and social media profiles in $6.3bn heist
(DBN)

Stablecoins’ UCC Article 12 Dilemma
(DBN)

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Cruise Lines:

Cruise canceled after Coast Guard detains ship in Miami, officials say
(DBN)

'Too good to be true': Passengers say 'never-ending' cruise was set up to fail as their last-ditch bid to save stricken ship collapses into disarray
(DBN)

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Sports:

Broker in NFL Loan Scam Files for Chapter 11 Bankruptcy
(DBN)

‘Don’t Want Those Guys at All’: PGA Tour Veteran Sends Blunt Message to LIV Golf Defectors Amid Champions Tour Tensions • ‘Too Many Unknowns’: Jon Rahm Exposes LIV Golf 2.0 Flaws Behind His Shock Exit After Three Years • DPWT CEO: LIV wanted to 'destroy us,' returning players must prove themselves - Field Level Media - Professional sports content solutions • Lee Westwood 'unemployed' amid LIV Golf 2.0 uncertainty
(DBN)

Olympic committee could sell commercial stake in Team USA – for billions
(DBN)

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Gambling:

Judge Blocks Papaya Gaming From Moving Assets Offshore
(DBN)

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Agribusiness:

The financial squeeze on the farm is showing up in U.S. bankruptcy courts
(DBN)

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Space:

Off-Earth Assets: The Gray Area that Leaves Lenders at Risk in Bankruptcy
(DBN)

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Distressed Investing:

Distressed Creditors Put Asset Transfers on Trial
(DBN)

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Private Credit:

Chasing Waterfalls: Priority, Enforcement, and Lender Protections
(DBN)

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Autos:

BMW cuts 2026 auto margin outlook to break-even; keeps cash flow target
(DBN)

Volvo Cars reports 16% drop in 3-month sales on tough China, U.S. conditions
(DBN)

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Economy:

Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory
(DBN)

Treasurys Rise On Democrat Win As Traders Await Refunding Plan
(DBN)

Canada’s Carney Reports US Reduces Demands in Ongoing Trade Talks
(DBN)

Turns Out Offshoring Isn’t a Cheap Forever Solution to Talent Problems
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Asking Rents have likely Bottomed
(DBN)

Mortgage Rates Climb in October Amid Accelerating Inflation
(DBN)

ZOM Living Files for Bankruptcy After $308 Million Judgment
(DBN)

Lenders accuse Baltimore developer Brandon Chasen of fraud, seek $40M+
(DBN)

Troubled Texas CRE loans drop to $560M in November
(DBN)

Sackler Poised to Lose Greenwich Home in Opioid Settlement
(DBN)

Florida Voters Approve Landmark Measure To Reform Property Taxes
(DBN)

Tennessee Voters Opt To Ban State-Level Property Taxes
(DBN)

Don Jr.'s Business Partner Omeed Malik Abruptly Resigns From Fannie Mae Board
(DBN)

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Municipalities:

Oakland Unified remains at high risk of fiscal insolvency despite millions in budget cuts, state finds
(DBN)

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Oil/Gas:

Governor Warns New Jersey Ports to Turn Away Russian Fuel
(DBN)

Gas and Diesel Hit Highest Ever Prices for Election Day
(DBN)

Global Diesel Crunch Set to Last Well Into 2027
(DBN)

Big Oil Puts Debt Reduction Ahead of New Investments
(DBN)

Oil rises on Iran war uncertainty after Trump's Republicans face election rout
(DBN)

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Summer Camps:

The Eastland family will no longer make decisions for Camp Mystic
(DBN)

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Politics:

Election 2026: Results • Where voters shifted toward Democrats in the 2026 midterms • Democrats Seize Control of Congress as Voters Rebuke Trump • See how counties are shifting in the 2026 midterms • Democratic socialist Janeese Lewis George elected mayor of Washington, DC • GOP Rep. Byron Donalds defeats David Jolly, becoming Florida’s first Black governor • Abdul El-Sayed makes history as first Muslim elected to US Senate, defeats Trump-backed Mike Rogers • Mississippi Senate race too close to call • First Black Women Gov. in USA.; Bottoms Wins GA • Chris Pappas elected as first out gay man in U.S. Senate • Greg Abbott Concedes Texas Gubernatorial Race • Democrat James Talarico flips a US Senate seat in Texas and sends a shock through the GOP • James Talarico wasn’t born the last time a Democrat won a Texas Senate race. At 37, he won one despite $200 million from Elon Musk to stop him • ‘An Earthquake’: A Democratic Rout Stuns Texas • The great humbling of Donald Trump • Susan Collins’ Maine concession could leave New England without a Republican in Congress for the first time since the 1850s • Navy admiral fired by Hegseth flips Mace’s South Carolina seat  • Trump says Iran war played role in Republican losses • Democratic Momentum Spurs Intensified Legal Scrutiny on Trump’s Business and Political Activities • Normal Americans punished MAGA • Blue wave crashes over American politics in midterm that rebukes Trump policies • Iran war, inflation or Trump fatigue: What drove Democrats' midterm surge? • Trump says Republicans fell short in election because his name wasn’t on the ballot • Trump told voters, 'Pretend I'm on the ballot.' They did. • Business leaders react as a 'blunami' sweeps America • Business winners and losers from the 2026 midterm elections • Top Democrat tells Trump and Republicans to ‘lawyer up’ after US midterm defeats • Five takeaways on a midterm rout for Democrats
(DBN)

Tracking approval and key issues
(DBN)

Trump is livestreaming a bizarre AI Lego video in a last-minute bid for midterm votes • Can Trump Get Any Weirder? He Already Has.
(DBN)

Trump says he is prepared to use "tremendous powers" if Democrats take control
(DBN)

Trump blames Fox News while his MAGA media allies blame everything but him
(DBN)

Elon Musk’s record election bet backfired. The backlash may reach beyond one billionaire • Elon Musk's Texas-sized midterms failure
(DBN)

NBC News Exit Poll: Many voters see midterms as a rebuke of Trump
(DBN)

The president hasn’t tapped his personal riches to boost his party’s odds of controlling Congress
(DBN)

Donald Trump Jr. Complains That Democrats ‘Want to Make Ohio a State’
(DBN)

Is This the End for Trump’s Princelings? Or Just the Start?
(DBN)

The Election-Denier Backpedal
(DBN)

Trump Says He Will Move to Israel to Become Prime Minister If U.S. Turns on Him
(DBN)

Montana voters take on Citizens United with a ballot initiative to strip corporations and nonprofits of their political spending power
(DBN)

Did Haley Stevens Use AI to Write Her Blog Post About Her Controversial Endorsement? • Dem pariah Haley Stevens debuts new look on Election Day • Haley Stevens requests U.S. marshals' protection after death threats
(DBN)

Democrats pin hopes on the new Obama
(DBN)

House Republicans Accuse Top Psychology Group of Antisemitism
(DBN)

Blanche Explains How GOP Dan Sullivan ‘Could Lose, But Really He Didn’t Lose’ • Justice Dept. Sends Target Letters to Democrats in Escalation of Alaska Inquiry • Democratic attorney and Trump foe Marc Elias is a target of DOJ's Alaska ballot investigation, sources say
(DBN)

US intelligence sharing has fractured under Trump, officials say
(DBN)

Hegseth's 'future of warfare' committee packed with 'private interests' and 'biases': Suit
(DBN)

Texas Republican Rips Paxton Claiming Dems Want to ‘Control Us With Violence’
(DBN)

NYT Dragged for Coverage of Letter from Jews for El-Sayed
(DBN)

Gallego Tests His 2028 Blueprint: The Working Class, Latinos and Young Men
(DBN)

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Electricity:

Outraged NYC woman discovers she’s been paying her neighbor’s electricity bill for a decade
(DBN)

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Utilities:

Utilities lobby for shield from wildfire costs
(DBN)

Oregon Supreme Court Weighs Revival of Billion-Dollar Wildfire Claims Against Berkshire Utility
(DBN)

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Food/Beverage:

Stoli USA Bankruptcy: Trustee Seeks Inventory Sale
(DBN)

Checkers and Rally's franchisee files for Chapter 11 bankruptcy
(DBN)

Outback Steakhouse franchisee files for bankruptcy • Rising food costs prompt big Outback Steakhouse franchisee to file for bankruptcy • Outback Steakhouse Franchisee Files for Bankruptcy With Nearly $320 Million in Secured Debt • Outback’s largest U.S. franchisee goes bankrupt
(DBN)

Texas Bankruptcy Court Approves RNDC’s Chapter 11 Liquidation Plan
(DBN)

Landry's rescues 9 restaurants from bankruptcy as closures mount
(DBN)

McDonald’s US sales decline for first time in six quarters despite value push
(DBN)

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Telecom:

EchoStar Wireless Losses Worse Than Expected
(DBN)

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Banking:

AI cyber breach of a bank is a matter of when, not if
(DBN)

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Assisted Living:

The Structural Pressures Behind Senior Living and Long-Term Care Distress
(DBN)

____________

Education:

Parents scrambled to save The Croft School in Boston, Providence
(DBN)

Harvard Secures Court Victory in Trump Admissions Probe
(DBN)

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Apparel:

Why Under Armour went under
(DBN)

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Bicycles:

Bianchi enters restructuring over €100 million debt
(DBN)

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Motorcycles:

Americans cut back on boats and RVs but can’t stop buying Harley-Davidsons
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (94 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Representing the Mass in Mass Tort Bankruptcy
(DBN)

3M commits $7.35 billion to settle forever chemicals-related claims
(DBN)

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Subchapter V:

Deducting Pass-Through Taxes For Corporation’s “Disposable Income” In Subchapter V? (Greenberg v. A Cab)
(DBN)

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Aviation:

‘Malicious bomb hoax’ grounds flights across Europe
(DBN)

Learjet expert reveals crucial mistake pilots made before horrific crash • What Caused a Jet to Dive Nose First Into the Ground? • Pieces of jet that crashed in Palm Beach County found miles away from impact site, NTSB says
(DBN)

Romania’s airline Dan Air loses payment operator after insolvency request
(DBN)

Insolvent Romanian airline AnimaWings extends flight suspension through 2026
(DBN)

Future uncertain for insolvent Murphy Aircraft
(DBN)

____________

Tech:

New AI Data Center Is So Huge That It’ll Generate the Heat of 23 Atomic Bombs Every Single Day
(DBN)

AI data center stocks drop as Democrats sweep U.S. midterms
(DBN)

Voters reject data centers across the country as the AI backlash grows
(DBN)

Apple warns of risks related to AI agents behaving in ‘unintended or unpredictable’ ways
(DBN)

Anthropic Debuts Tool for Your Boss to Spy on Your Claude Chats
(DBN)

A chill wind in the AI credit market
(DBN)

The AI Boom May Be Sowing Seeds of Another Financial Crisis
(DBN)

Who pays for AI’s $2.6 trillion build-out? Look to corporate budgets
(DBN)

Google Announces It's Shutting Off Search Engine Access for Schools That Ban AI • Google responds to political backlash
(DBN)

Apple shares fall despite profit growth as traders fear rising costs
(DBN)

SpaceX, Tesla stocks fall over 4% on Democrats big win
(DBN)

OpenAI’s Fundraising Efforts Sputter and Stall as Investors Refuse to Keep Cutting Checks
(DBN)

AI Flirting Tools On Dating Apps Can Weaken Emotional Skills
(DBN)

Apollo lends record $114bn as it piles into AI financing boom
(DBN)

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Furniture:

Major mattress chain files Chapter 11 bankruptcy
(DBN)

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Sovereigns:

"Maldives must now break free from debt"
(DBN)

____________

UK:

Under-fire Poundland owner Gordon Brothers defends stewardship • MPs summon Poundland’s owner to select committee grilling • Future for Poundland staff still uncertain after firm's filing for insolvency • New bidder promises to save Poundland jobs • Poundland's 'blockbuster' Halloween raises fresh questions for US owner ahead of looming collapse
(DBN)

HMRC’s plan to take VAT from businesses through direct debit could push them into insolvency
(DBN)

Harrods moves to strip Mohammed Al Fayed's widow and daughters of control of his £118million estate amid sex abuse claims from 300 women
(DBN)

More than half of teenagers do not understand financial budgeting
(DBN)

Bank of Mum and Dad worried about making children too dependent
(DBN)

____________

EU:

Euro zone inflation hits 4% for first time in three years as interest rate hike looms
(DBN)

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Canada:

Mercer International files for bankruptcy, says B.C. operations will continue as usual
(DBN)

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Spain:

Large Spanish companies set new records for insolvencies and threaten to trigger chain reaction of bankruptcies among suppliers
(DBN)

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MENA:

Insolvency Risk in the UAE: A Practical Guide for Gulf Businesses
(DBN)

As Trump’s Midterm Deadline Looms, Gulf Countries Brace for Possible Renewal of Iran War
(DBN)

Israeli Claims of Iranian Chemical Weapons Divide U.S. Officials
(DBN)

Trump says US will end $4B in annual aid to Israel:’They don’t need it’
(DBN)

Trump Bombs Iran Just Hours After Announcing, ‘We Won’
(DBN)

Trump: US has no immediate plan to strike Iran • Americans have said ‘NO TO WAR,’ Iran speaker says as Democrats take Congress
(DBN)

Houthi Fighters Launch Ground Incursions Into Saudi Arabia
(DBN)

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Russia:

Russian courts declare 5,360 companies bankrupt in nine months
(DBN)

One of Russia's oldest pawnshop chains is going bankrupt in Moscow
(DBN)

Poland deploys ‘significant’ forces to Russian border after ‘disturbing’ incident amid fears of ‘armed incursion’
(DBN)

Strike on Ukraine Humanitarian Hub Is Feared to Be Among War’s Deadliest
(DBN)

____________

China:

China Humanoid Robot Makers Face Shakeout, Report Says
(DBN)

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Italy:

Giorgia Meloni targets Italy’s wealthy with ‘exit tax’
(DBN)

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Mexico:

Mexico Restructuring Cash Control, Delays and Forum Choice Shape Recoveries; TV Azteca Tests Bondholder Leverage
(DBN)

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Serbia:

Serbian officials detain Alta Bank owner over alleged money siphoning • Commercial Court Launches Bankruptcy Proceedings for Alta Bank • Crackdown on Serbian Alta Bank Plunges Russians into Financial Uncertainty
(DBN)

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Paraguay:

Paraguay seizes digital bank with ties to President Peña • Paraguay's central bank chief resigns at president's request as digital lender crisis deepens
(DBN)

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Malaysia:

Malaysia to study US Chapter 11-style corporate rescue • Insolvency reform more than just managing failure, says Azalina
(DBN)

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Germany:

BCLP Names New Insolvency Partner in Germany
(DBN)

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India:

ED seizes 2 aircraft, 6 land parcels in Rs 510-crore asset crackdown on Anil Ambani Group
(DBN)

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Australia:

‘Weighing insolvency’: Icon David Jones on life support • David Jones on the brink of collapse as Westfield owner Scentre reveals the retail giant has not paid rent for a month
(DBN)

The Gym beauty salon founder Beatriz Vrettos on bankruptcy, threats after collapse
(DBN)

Gold Coast insolvency expert warns struggling small businesses not to rely on a Christmas miracle and to prepare to restructure ahead of February 2027 squeeze
(DBN)

Businessman at centre of T2D dispute has been bankrupt four times
(DBN)

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Japan:

Japan's Kizuna Holdings and 4 Affiliates Ordered into Bankruptcy by Osaka District Court Over Fraudulent Benefit Claims; Total Liabilities ¥28.9 Billion
(DBN)

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