October 29, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Weil Gotshal, a Legal Power Player, Is Fighting to Survive • Weil Gotshal to Wind Down in Stunning Fall for Heavyweight Firm • Weil Gotshal law firm plans to dissolve, capping dizzying fall • The firm that pioneered bankruptcy law is winding down itself • Law firm that handled Lehman, Enron bankruptcies plans to wind down • Weil Gotshal Hires AlixPartners to Manage Wind-Down • Storied Wall Street law firm Weil Gotshal moves to shut down after mass exodus of top partners • Weil Management Committee Meets To Decide Fate of Firm • Weil Gotshal leaders discussing plan to wind down law firm • Weil Gotshal Is Now Discussing A Possible Wind-Down • Weil’s New AI Summer Program Has One Small Problem: Weil’s Future • Weil Junior Lawyers Urged to Find Work With Firm in Jeopardy • Leaders at US law powerhouse Weil tell partners firm should dissolve
(DBN)

Celebrate Jay Westbrook’s Retirement
(DBN)

First-year attorneys average $131K at plaintiffs firms, new study finds
(DBN)

Lawyer Isn’t Close To The Most Impressive Thing On His Résumé
(DBN)

Toughest Legal Job in Tech: Triage for Anthropic’s IPO Risk
(DBN)

The Best Law Schools For Business Law (2026)
(DBN)

Clio Says AI Is Boosting Billable Hours: Maybe I Was Wrong. Or Maybe Not.
(DBN)

Lawyers Fear Suicide If Celeb's Sexual Misconduct Claims Go Public
(DBN)

Classified material missing from Epstein files, documents suggest
(DBN)

The pro-Trump prosecutor trying to stop California ballots from being counted
(DBN)

The midterm legal fight is already here
(DBN)

We studied 180 voter-fraud cases. Many charged cite honest mistakes.
(DBN)

DOJ investigation into ex-FBI officials was viewed as witch hunt, agent says
(DBN)

Parents of Sandy Hook victims ask Supreme Court to uphold assault-rifle ban
(DBN)

Right-Wing Provocateur James O’Keefe Charged in Minnesota Voting Stunt
(DBN)

Pretti's family demands justice nine months after fatal ICE shooting • How Trump’s immigration crackdown sparked a backlash that could boomerang in the midterms • Hackers disclose DHS officer identities in massive data breach
(DBN)

ICE Is Running One of the Largest Anti-Left Surveillance Operations in US History
(DBN)

Serial killer Ted Bundy linked to another Utah teenager's cold case murder through DNA testing, prosecutor says
(DBN)

Lawsuit seeks to block ICE from hiding locations of detainees with final removal orders
(DBN)

Soccer league facing ‘intense’ backlash after incident with ‘too good’ 3-year-old
(DBN)

US teen whose father arranged her marriage to Islamic State fighter convicted for weapons training
(DBN)

Long Island dad zapped autistic son with Taser: cops
(DBN)

Ex-JPMorgan banker in 'sex slave' suit accused of getting sister to lie about kissing, racial remark: filing • JPMorgan asks judge to dismiss ex-banker’s ‘sex slave’ suit as a third law firm seeks to drop him
(DBN)

Tinder date rape victim drags attacker to court after ‘slap in the face’ sentence
(DBN)

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Judges:

Hearing Set on Freeman’s Bid to Drop $258K Fee Request in IEH Bankruptcy
(DBN)

DC judge orders new golf course hearing after Trump vows to push ahead with redevelopment • Trump Vows to Hold Judge ‘Fully Responsible’ for Anyone Killed on Golf Course
(DBN)

Federal judge says Bill Essayli is unlawfully serving as California prosecutor
(DBN)

US judge narrows Macron defamation case against conservative podcaster
(DBN)

Justices to decide whether failure to plead an affirmative defense prevents moving for summary judgment on that same defense
(DBN)

Trump dealt fresh legal blow as judge blasts ‘unfulfilled’ promise: report
(DBN)

Judge denies federal request to segregate California ballots, says it would ‘wreak havoc’ on voting
(DBN)

Judge who repeatedly used racist slur removed by court
(DBN)

Texas Judge’s Racial Comments to Lawyer Sparked Investigation
(DBN)

No right to Vegemite in prison, Australian judge rules
(DBN)

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Wall Street:

Nasdaq-100 futures fall 1% as Alphabet shares sell off after earnings
(DBN)

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Layoffs:

Dropbox is laying off roughly 9% of its workforce. Read the memo.
(DBN)

I'm the ex-VP of HR at Microsoft. Here's what the 60,000 employees mulling a buyout may not realize.
(DBN)

Scripps layoffs continue with 431 cuts
(DBN)

Disney Experiences Division Hit By Layoffs
(DBN)

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Food/Beverage:

Wendy's faces a buyout bid as beef prices and competition bite
(DBN)

One of America’s Biggest Liquor Distributors Faces $300 Million in Claims. That’s Not Its Biggest Bankruptcy Fight
(DBN)

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Sports:

Law firm representing Bryson DeChambeau’s LIV Golf player group set to wind down • Bankrupt LIV Golf handed fresh ultimatum by their best event
(DBN)

USA Badminton replies to Bankruptcy Court judge’s order, is still losing money; is a possible rival organization waiting in the wings?
(DBN)

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Fintech:

Linqto Successfully Exits From Voluntary Chapter 11 Bankruptcy Protection
(DBN)

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Military:

US launches nuclear readiness drills with 'doomsday planes' and bombers airborne nationwide
(DBN)

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Fraud:

Three plead guilty in $9m romance fraud scam targeting elderly Americans
(DBN)

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Fitness:

Former Nike Partner Fitlab Files for Bankruptcy With $100M+ in Debt • California Fitness Company Behind Ragnar and Y7 Files for Chapter 11 Bankruptcy
(DBN)

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Resorts:

Eagles Resort considers bankruptcy, timeshare model untenable
(DBN)

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Comic Books:

Court approves settlement between Diamond Estate, the Palik Group and Sparkle Pop
(DBN)

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Crypto:

If FTX had held its Anthropic stake after its 2022 collapse, it'd be worth about $75B on paper
(DBN)

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Economy:

Trump’s Revived Push to Fire a Fed Governor Looms Over Warsh
(DBN)

Fed holds interest rates steady even as inflation remains high • Bessent says ‘not necessarily’ a mistake if the Fed hikes again • Here are five key takeaways from the Fed rate decision and Warsh news conference • US Fed Chairman Kevin Warsh just telegraphed more rate hikes without saying it
(DBN)

Fed's Warsh: Credit conditions tightened after September rate hike • Warsh is learning to wield the Fed’s power without showing his hand
(DBN)

US Goods Trade Deficit Hits $134.9 Billion, Widest Since March 2025
(DBN)

U.S. worker engagement sinks to a 15-year low, new Gallup poll shows
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home buyers who enjoyed cheap adjustable mortgages are now getting a nasty shock
(DBN)

High Frequency Data: Inventory Up, Demand Down Year-over-year
(DBN)

Vacancy and ‘Zombie Foreclosure’ Rates Decline as Housing Supply Remains Tight
(DBN)

Single-family new-home permits could fall 24% to 86% by 2035
(DBN)

Inside the Alexander brothers’ opaque real estate empire as they’re sentenced to 30 years for sex crimes
(DBN)

Baltimore: Chasen Cos. accused of fraudulently spending $2 million on yachts
(DBN)

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Municipalities:

Chicago’s Debt Burden Deepens as Mayor Johnson Proposes $481 Million in New Borrowing
(DBN)

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Oil/Gas:

Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Tina Brown: Trump’s Moment of Truth?
(DBN)

An Unpredictable President, a Grim White House: Trump Faces Down the Midterms
(DBN)

Krugman: Trump Doesn’t Give a Damn About Your Problems
(DBN)

Republican Senator Says Non-Christians Are Unfit for Senate
(DBN)

The seven races that will decide control of the Senate
(DBN)

The Senate Race in Heavily Republican South Carolina is a Tossup, Poll Finds
(DBN)

Democrat Flanagan leads in Minnesota Senate race by double digits: Poll
(DBN)

Democrat's campaign reportedly helped recruit second Dan Sullivan for Alaska Senate race • Mary Peltola denies NYT report Democrats recruited other Dan Sullivan in Alaska Senate race • The Real Reason for DOJ's Alaska Litigation • Todd Blanche Accuses Dems of ‘Cheating’ In Alaska: ‘Certainly Should Be’ Illegal • Trump Issues Fiery Call for Alaska Dem to Be Thrown Off Ballot After NYT Exposé • Trump calls for Peltola to be prosecuted after report on Sullivan spoiler
(DBN)

James Talarico’s Origin Story Has a Big Hole in It, NY Times Finds
(DBN)

Trump turns stolen election claims from rhetoric into action
(DBN)

Fox News Takes Jaw-Dropping Ratings Hit
(DBN)

Cuban official accused of shoving diplomat during Mike Waltz’s shouting match to be kicked out of US
(DBN)

McMahon Spends $43,000 for New Furniture as She Looks to Close Her Department
(DBN)

Hinojosa Campaign Tests Limits of New Rules for Digital Political Ads
(DBN)

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Trucking:

America's Truckers on Brink With 221 Bankruptcies This Year
(DBN)

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Transit:

NYC drivers in congestion zone say traffic’s still terrible — and its tolls ‘are eating us alive’
(DBN)

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Healthcare:

Kennedy to Allow Broad Use of Unapproved Peptide Injections
(DBN)

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Education:

Where does St. Aug's real estate deal stand? • St. Aug's real estate deal decision pushed to next month
(DBN)

Elite Colleges Enroll Fewer Black Freshmen and More Asian Americans
(DBN)

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Radio:

SBS Warns Programming Demands Could Jeopardize Bankruptcy Exit.
(DBN)

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Fraud:

Mobile tax preparer, former Alabama basketball star among those indicted in $177 million fraud case
(DBN)

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Tech:

House Democrats push resolution to let failing AI firms go bankrupt, not bailed out
(DBN)

Is Character.AI Down? Users Worldwide Report App Not Loading as Bankrupt Chatbot Firm Awaits Disney Asset Sale
(DBN)

"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession
(DBN)

Agentic AI fallout hits 77% of firms, survey finds
(DBN)

AI build-out hits snag as Google and Microsoft put off raising capex forecasts
(DBN)

There’s not enough money in the world to pay for the AI boom
(DBN)

The AI payoff is real. The timeline is the problem
(DBN)

Krugman: The dark side of AI is already here
(DBN)

You Can’t Stop A.I. But You Can Bargain With It.
(DBN)

Tech firms brace for potential congressional scrutiny from Democrats after midterms
(DBN)

House Democrat warns about Musk, other ‘weird trillionaires’ controlling AI
(DBN)

Woman, 31, dies after ChatGPT convinced her it was a good idea to change medication dosage
(DBN)

‘Elonville’: US residents say Musk’s xAI offered to buy homes if they don’t sue over datacenter noise
(DBN)

Please Let the Internet Die
(DBN)

I Put a Bunch of AI Agents in Charge of a Fantasy Soccer Team. They’re Not Better Than Humans—Yet
(DBN)

Google AI Bot Refuses to Answer Who Won '20 Presidential Election
(DBN)

Google shares fall 10% as growth in search revenue slows
(DBN)

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Private Credit:

AI financing driving private credit growth as refinancing risks rise, Moody’s says
(DBN)

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New Bankruptcy Opinions
(13 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US Bankruptcy Filings Surge by 11.4% Amid Economic Struggles
(DBN)

Americans are increasingly filing for bankruptcy: BU financial experts weigh in
(DBN)

Chapter 12 farm bankruptcy filings up significantly in Q3
(DBN)

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Trustees:

Status of 11 U.S.C. § 330(e) Payments for Fiscal Year 2026
(DBN)

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Cross-Border:

Chapter 15 recognition of a UK restructuring plan: A genuine alternative to Chapter 11 or a false dawn?
(DBN)

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Mass Torts:

Richard Sackler and his wife tried to stop the sale of their Connecticut mansion, pledged toward Purdue Pharma's $7.4 billion opioid settlement; on October 28, a bankruptcy judge rejected both requests
(DBN)

Court rejects Diocese recovery plan
(DBN)

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DIP Finance:

The evolution of DIP financing: Bigger roll-ups, fewer outside lenders, and a higher price tag
(DBN)

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Aviation:

Resolute JetBlue Stares Down Bankruptcy Chatter • JetBlue CEO Rejects Bankruptcy Talk as Stock Jumps 19% on Q4 Revenue Outlook
(DBN)

AnimaWings Enters Insolvency at Second Attempt
(DBN)

Volotea Files For Pre-Insolvency Protection In Spain
(DBN)

As Iran war drags on, airlines pull back on fuel hedges and warn on fares
(DBN)

Shocking air travel study finds majority of pilots fall asleep on the job
(DBN)

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Cruise Lines:

CEO says plan is to file for bankruptcy after ending luxury never-ending cruise • Hundreds of cruise passengers left stranded in Cambodia • An ‘Endless Cruise’ Goes Broke, Stranding Passengers • Residents on the doomed Villa Vie Odyssey cruise describe the first 24 hours after being kicked off in Cambodia
(DBN)

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Retailing:

Price Tags Everywhere Are Under Scrutiny. Shoppers Don’t Trust Them.
(DBN)

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Agribusiness:

Arkansas leads nation in farm bankruptcies for second year in a row
(DBN)

An Oklahoma rancher sold shares of his herd. Then came the subpoena.
(DBN)

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Autos:

Volkswagen posts $6.5 billion quarterly loss as China slump, Porsche writedown weigh on bottom line
(DBN)

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Prediction Markets:

Utah files criminal charges against KALSHI for promoting gambling, unlawful activity
(DBN)

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UK:

Dissent, don’t deceive: The limits of directors going it alone
(DBN)

Scottish personal insolvencies increase 31%
(DBN)

Thames Water creditors to vote on emergency £2.4bn loan as cash runs low
(DBN)

HMRC targets UK-linked billionaires in tax compliance drive
(DBN)

Gulf states face tax raid on UK property investments
(DBN)

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MENA:

A record Arab vote brings a painful dilemma for Israel’s opposition • Likud claims election ‘stolen’ by Arab parties, demands investigation into alleged fraud • Netanyahu Did Not Win the Israeli Election, But He Is Far From Out • Israelis await final election results as claim of foreign interference emerges • With 90% of votes counted, Netanyahu bloc has 53 seats, Eisenkot’s 48; Arab parties surge to 19
(DBN)

Hegseth reportedly fires U.S. top military planner as Trump downplays Iran peace talks
(DBN)

US warns allies to prepare for possible Iran strikes, retaliation after elections
(DBN)

Houthis say Saudi-led airstrikes killed 14 at a market in northern Yemen
(DBN)

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Germany:

When rescue becomes risk: Liability pitfalls in German restructuring finance
(DBN)

Licenses in Insolvency: German Law, the New EU Directive, and What Licensors and Licensees Must Do Now
(DBN)

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Brazil:

Brazilian judge orders investigation into JD Vance donor network
(DBN)

Bolsonaro claims he is Brazil's true leader after fleeing to US
(DBN)

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Australia:

Asset preservation in Australia: Implications for liquidators and investors
(DBN)

Star Entertainment chair Soo Kim says $260 million fine won’t be the death of the casino operator
(DBN)

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Russia:

Putin reaches into more pockets in search of new revenue streams as war strains Kremlin finances
(DBN)

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Uzbekistan:

Uzbekistan and ADB Discuss Insolvency System Reforms
(DBN)

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South Korea:

Financial Services Commission introduces rapid resolution system
(DBN)

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Singapore:

Delta Law upstages industry giants in insolvency and restructuring law
(DBN)

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China:

The courts’ new line on property developer insolvencies
(DBN)

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India:

'Completely hijacked': Supreme Court slams Corporate Affairs Ministry over NCLT administration
(DBN)

Treat our requests as binding orders: SC
(DBN)

Insolvency Moratorium Does Not Bar Corporate Debtor From Pursuing Counterclaims: Bombay High Court
(DBN)

Bank's Fraud Classification Is Beyond Summary Jurisdiction In Bankruptcy Proceedings: NCLT Chennai
(DBN)

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