December 22, 2025

The Daily Bankruptcy News

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Law:

Top 25 Biglaw Firm Announces Bonuses
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Top 50 Biglaw Firm Offers Associates Bonuses On Top Of Bonuses On Top Of Bonuses, Up To $218K!
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Biglaw Firm Targeted By Trump Delights With Associate Bonuses
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The ‘Severe’ Stress Of Leading An In-House Legal Department
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Unprecedented errors are eroding the credibility of Trump's Justice Department
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Biglaw’s New Recruiting Style Is Forcing First-Year Law Students To Make Decisions They’re ‘Not Ready’ For
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Robert Giuffra on AI, Strategic Insights, and the Influence of Font Choice in Legal Practice
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Evolving Legal Sector: Trends Reshaping Partner Promotions and Firm Strategies
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Want to get into a top-tier law school? Prepare for a tough fight
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Conservative legal group aims to export its rightwing Christian mission beyond US borders
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Trump Administration Aims to Strip More Foreign-Born Americans of Citizenship Four ICE detainee deaths in four days spark alarm as arrests growTrump wrongly inflicts collective punishment for shootings on millionsKilmar Abrego Garcia moves for sanctions against Trump adminSome central Ohio schools shutter for low attendance amid ICE activityChristmas loses festive spirit: ICE fears cast shadow over religious celebrations
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Claim: DOJ Redacts Trump's Name From Epstein FilesUS justice department under fire for removing Trump image from Epstein filesImage showing Trump restored by DOJ after backlashHow Bill Clinton became the focus of the Epstein filesBill Gates and Sergey Brin among newly released Epstein photosUS Epstein files full of famous names, but not Trump'sEpstein files release leaves Trump facing fresh row over limited disclosuresDeputy AG says removing photos from Epstein files has 'nothing to do' with Trump'What Was The Point?': Netizens Outraged as 90% of Released Epstein Files are Redacted5 initial takeaways from DOJ’s release of Epstein documentsEpstein Files Photos Disappear From Government Website, Including One of Trump Rand Paul says partial release of Epstein files ‘big mistake’ for Trump administration Why appearing in DOJ document releases does not establish criminal liability under US lawEpstein Release Reveals New Photos but Many Files Are Withheld Pam Bondi hit with impeachment threat over Epstein files failureNaked images accidentally disclosed - DOJ fails to shield identities of potential victimsShocking photos show ‘toddler’s foot’DOJ defends removing Trump photo from Epstein filesFact-checking falsehoods about Epstein’s client list, island and involvement with Trump
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US Attorney Dropped FIFA Bribery Case at Trump Official’s Behest
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Ex-Prosecutor Sues New York Authorities Over Arrest at Law Firm Protest, Raising Questions About Protester Rights and Police Conduct
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Khanna and Massie say they're considering contempt charges against AG Pam Bondi
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Trump admin will appeal removal of Lindsey Halligan, dismissal of Comey and James cases
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Botched No Bill For Tish James Reveals Halligan’s Case Is BS
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Utah’s Trumpian homeless ‘campus’ — lifeline or detention camp?
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Police can access Google searches without warrant, state supreme court rules
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Avast Ye Mateys! Republicans Introduce Bill To Bring Back Pirates To Fight Drug Cartels
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Top lawyer for military joint chiefs told chairman that officers should retire if faced with an unlawful order
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Man hides in pregnant ex's home, shoots her and her mom while kids watch: Cops
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Walmart shoplifter pulls out gun, tries to shoot cop in the head but it jammed: Police
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Man counts to 5 before murdering ex-girlfriend's dad as he lay on the ground: Cops
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Kid-Swap DNA Twist Sends Ritzy Connecticut Mom Back to Jail
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Man beat his ex-mother-in-law with a bat because he blamed her for his divorce: Police
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Man ran over ex-girlfriend with car as she was on phone with 911 dispatchers
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Woman who killed infant daughter because she was mad at the father learns her fate
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Dad who left 8-month-old baby in an intersection and ran over him is sentenced
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'Had an inferno on my back': Man set ablaze during Facebook Live 'prank' while sleeping
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Man helped his mom kill his grandfather, 87, then insisted victim was 'not grandpa': Cops
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Élysée Palace silver steward arrested for stealing thousands’ worth of silverware
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Santas and elves rob grocery store to ‘give food to the needy’
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Judges:

Democrats Just Won Seats in Mississippi. The Supreme Court Could Block a Repeat.
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Trump’s win streak on Supreme Court emergency docket breaks
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What in the world is “zombie precedent”?
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Judge excoriates Trump admin for 'refusing to comply' with discovery in funding lawsuit
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‘Calvinball’ has game as legal term of the year, thanks to Justice Jackson
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Mentions of Justice Scalia Surge at Conservative-Dominated Court
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Trump-appointed judge rebukes ICE and threatens contempt in 'disturbing' detention case
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Judge found guilty of helping immigrant escape federal agentsWisconsin judge found guilty of obstruction but innocent of helping immigrant evade ICE
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Trump administration unlawfully fired federal workers during government shutdown: Judge
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Judge Judy’s son inherits the gavel and gets his own courtroom TV show
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Former judge sentenced to 12 years in prison for using public funds for vacations, personal purchases
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US judge blocks Trump administration from altering homelessness funding conditions
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Wild suit claiming Chief Justice Roberts is part of executive branch goes down in flames
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Wall Street:

Stock futures rise as traders look ahead to holiday-shortened week
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Layoffs:

Laid off by video: after rolling out AI tools and buying a $75 million jet, Atlassian’s CEO fires 150 staff by pre-recorded message
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Food/Beverage:

The year's most notable restaurant bankruptcies
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15 Chain Restaurants Making a Comeback After Filing for Bankruptcy
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Major Kentucky bourbon maker Jim Beam shuttering distillery for 2026
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6 breweries most likely to go bankrupt and close in 2026
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7 Iconic Breweries We Lost to Bankruptcy in 2025
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This popular BBQ chain closes 3 locations, files bankruptcy
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Beloved coffee chain at risk of declaring bankruptcy in days as it shuts down store & owes over $1 million in rent
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Shareholder alleges Fat Brands masked its cashflow problem
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Sports:

FanDuel Sports Network faces bankruptcy, liquidationFate of local TV sports broadcasts hinge on FanDuel Sports Network sale
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Georgetown basketball coach suspended after throwing water bottle that hit a child
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Batteries:

The Downfall of EV Battery Swapping: Ample’s $330 Million Bet Ends in BankruptcyBattery-swapping startup Ample files for Chapter 11 bankruptcyA Battery Startup Raised $330 Million on the Promise of Charging EVs in 5 Minutes—It Just Filed for Bankruptcy
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Edtech:

Parent company of award-winning learning platform for children files for bankruptcy amid financial woes
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Retailing:

Claire’s new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt
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Assisted Living:

The lessons of a retirement community's collapse
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Musical Instruments:

Höfner blames effects of US tariffs for bankruptcy, but “business operations will continue” throughout administration
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Economy:

Government’s historic role as trusted information source is under threat
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Consumer sentiment inches up despite anxiety over jobs, inflation
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Gold rockets to record high on US rate-cut hopes, haven demand
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How to interpret the pain at the edge of America’s labor market
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Trump’s ‘A+++++' economy collides with reality
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Happy K-shaped Christmas
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Judge points to Trump’s authority in challenge to H-1B visa hike
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Trump likely to propose tariff check legislation in new year: Hassett
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Trump at NC rally: Democrats ‘will shut down government’ in January
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China is quietly destroying the dollar
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Apollo cuts risk and stockpiles cash in preparation for market turmoil
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What the Christmas movie ‘Elf’ can teach us about today’s cost of living
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US Debt Clock
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World Debt Clock
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Real Estate:

Meet the real estate CEO who wants to reshape how Americans buy and sell homes
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NAR: Existing-Home Sales Increased to 4.13 million SAAR in November
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Lawler: Another Strange NAR Reading on Northeast Median Sales Prices
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Struggles for two bond-financed student housing projects
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US mortgage lenders insure against artificial intelligence screening errors
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Utah: Bankruptcy in Summit County looms over growing debate about popular development tool
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Utilities:

Massive power blackout leaves at least a third of San Francisco in darknessWaymo temporarily suspends service in SF amid power outagePower restored to most in San Francisco after massive outageWaymo resumes San Francisco robotaxi service after blackout chaos — Musk says Tesla service unaffected
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Fraud:

Owner of defunct Eagle-Times newspaper indicted for $50 million Ponzi scheme
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Tech:

Roomba’s bankruptcy may wreck a lot more than one robot vacuum maker iRobot founder says company's bankruptcy revealed a new kind of competitor: 'the Chinese fast follower'The Roomba failed because it just kind of sucked
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Anthropic’s Advanced New AI Tries to Run Vending Machine, Goes Bankrupt After Ordering PlayStation 5 and Live Fish
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A rough week for hardware companies
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Luminar Technologies faces Nasdaq delisting after Chapter 11
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This Is What the World’s Smartest Minds Really Think About AI
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Fraudsters use AI to fake artwork authenticity and ownership
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Politics:

Where Trump’s polling stands at end of first year back in office
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Trump Takes America’s ‘Imperial Presidency’ to a New Level
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Trump order sets aside Christmas Eve, Dec. 26 as federal holidays
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Unusual Tell: There's a 92% Chance He's Making It Up!
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President's 'abysmal' crowd size exposed while 'bored' supporters check phones
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SNL mocks Trump’s Patriot Games as ‘Hunger Games,’ effort to ‘distract’ from Epstein files
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Less than a fifth of Americans say Trump has benefited their wallets: Poll
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UFC Star Says Epstein Debacle Turned Him Off From White House Fight Night: 'I'm Good, Dude'
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Dave Chappelle Mocks Charlie Kirk Supporters Comparing Him to MLK: ‘Motherf**king Internet Personality’
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Alarm Over Candace Owens' Mental State as Charlie Kirk Conspiracy Spirals
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MAGA media mess deepens at Turning Point convention
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State Dept. nominee espoused antisemitic views, downplayed the Holocaust
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The cash bazooka: Why Trump wants to send you money
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Hassett: US ‘going to see the biggest tax refund season of all time’ in 2026Why ‘very large’ tax refunds are coming in 2026, according to officials
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Inside a Democratic Socialist Convention Galvanized by Mamdani’s Big Win
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Putin and Xi to take advantage of Trump's 'cognitive and physical decline'
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CBS News Pulls “60 Minutes” Story on Trump Sending Venezuelans to El Salvador Prison — and Torturing Them — Promoted, Then ErasedCorrespondent Calls Decision PoliticalParamount chief does damage control over ‘60 Minutes’ MTG interview that incurred Trump’s wrath
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White House threatens Smithsonian funds in sweeping content review
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Vance refuses to set red lines over bigotry as conservatives feud at Turning Point
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Agribusiness:

3 Companies Win Hansen-Mueller Auction
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Non-Profits:

Payments firm Flipcause files for bankruptcy after cease and desist order
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Autos:

JPMorgan questioned Tricolor’s accounting a year before its collapse
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Subprime Auto Lender CEO Charged for Double-Counting Collateral That Led to $1B Collapse
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First Brands seeks additional $800M to stay afloat during bankruptcy
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First Brands Group After The Fall: The Only Way Out Is Through
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Patrick James Urges Court to Toss First Brands’ Fraudulent Transfer Suit Against Him, Casts Blame on Company, ‘Predatory’ Creditors
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Tesla rental fleet that bought into Elon Musk’s self-driving lies goes bankrupt due to depreciation
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Rail:

Brightline Florida hit with five-notch S&P downgrade
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Hotels:

Occupancy Rate Decreased 1.6% Year-over-year
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San Antonio hotel workers secure $20 minimum wage in new union contract
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South Dakota hotel owner found liable for discrimination against Native Americans
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Comic Books:

Diamond Comics’ wild bankruptcy ends in Chapter 7 liquidation
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Diamond Bankruptcy Court Orders Money in Escrow Released to Publishers
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Healthcare:

Montgomery hospital sues state’s largest insurer: ‘Blue Cross Alabama must be stopped.’Bankrupt Jackson Hospital sues Blue Cross and Blue Shield of Alabama over ‘unfair reimbursement rates’Montgomery County Commission declines $7.5 million transfusion to bankrupt Jackson Hospital
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10 years after Richmond super startup failed, creditors recoup $100 million
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Influenza hitting these states hardest as ‘super flu’ continues to spread
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Senate stares down fraught health care battle with ObamaCare subsidies set to expire
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‘If something bad happens, are we going to go bankrupt?’
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Northern California Health Care Provider Files for Chapter 11 Bankruptcy
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North Country HealthCare confirms buyout, bankruptcy
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States Advance Medical Debt Protections As Federal Support Turns To Opposition
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  New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Mass Torts:

The bankruptcy of Purdue Pharma, maker of OxyContin, has been a 'long, painful and frustrating journey'
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Albany’s retired bishop files for personal bankruptcy
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Corporate Governance:

Elon Musk wins appeal to restore his 2018 Tesla pay deal worth $56 billion
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Cross-Border:

AOL provider Voxtur files for Chapter 15 bankruptcy
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Intercreditor:

Bankruptcy Court Denies Motion to Dismiss LCM Lenders’ Serta Uptier Breach of Contract Claim, Finds Fifth Circuit Footnote Preserved Claim Based on ‘Open Market Purchase’ Issue
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Miscellaneous:

A Prospect Medical Holdings Inc. update + Apple Tree Life Sciences Inc., Ample Inc. & Flipcause Inc. File
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Aviation:

Foreign Airlines Rely on Chapter 11 as Bankruptcy Tourists in US
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'Extreme safety risk' warning from FAA after three passenger jets in panic to avoid Musk rocket explosion
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Bad news for bankrupt Pakistan as major bidder exits Pakistan International Airlines’ privatization race
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Education:

Racial Slurs and Nazi Symbols: Inside the Complaint That Shut Down The Harvard Salient
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A ‘Timeout Box’ in an Elementary School Draws Outrage: ‘This is Not OK’
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Boys at her school shared AI-generated, nude images of her. After a fight, she was the one expelled
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Crypto:

SEC finalizes judgments against ex-FTX executives linked to Alameda case
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Binance accused of letting flagged accounts keep trading post-2023 plea deal
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UK:

UK economy faces tipping point as small firms warn of rising insolvency risk
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Business insolvencies fall by 6.7%
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Personal insolvencies increase by 12%
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Northern Irish business insolvencies increase whilst personal insolvencies fall
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Thames Water seeks further creditor approval to unlock remaining emergency funding
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Six in ten say Christmas traditions’ under threat due to cost of living
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Foreign buyers snap up cheap UK companies as dealmaking hits new high
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EU:

China hits EU dairy products with provisional duties up to 42.7%
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Europe’s banks turn to private equity for M&A without tears
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Canada:

Canada’s first Christmas without the Hudson’s Bay Company
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Laurentian University staff and faculty to receive $3M settlement over mismanaged retirement health benefits Laurentian employees fired during CCAA probably won’t receive cheques until spring
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Denmark:

Trump names Louisiana governor as Greenland special envoy, prompting Danish alarm
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Danish postal service to stop delivering letters after 400 years
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Venezuela:

Venezuela's billions in distressed debt: who is in line to collect
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U.S. intercepts a second oil tanker off the Venezuelan coast US still in pursuit of third oil tanker in Venezuela blockadeChina says US violating law by seizing oil tankers off Venezuela
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Cuba:

U.S. Oil Blockade of Venezuela Pushes Cuba Toward Collapse
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Russia:

How Putin Got His Preferred U.S. Envoy: Come Alone, No CIA
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Putin’s desperate troops 'so short of food they're eating each other' in Ukraine
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Graham says he wishes for Ukraine peace deal ‘that would prevent a third invasion’
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US offers joint talks with Ukraine, Russia, Zelenskiy saysRussia says U.S. peace talks are 'constructive' as it pushes back on European proposals
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Ukraine is leveraging its powerful – and cheap – new drone killers for air defense
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Sweden boards sanctioned Russian vessel off its coast
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MENA:

Netanyahu plans to brief Trump on possible new Iran strikes
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Donald Trump’s peace plan is faltering in the chaos of Gaza
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Israeli Cabinet approves 19 new Jewish settlements in the occupied West Bank
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Rights groups condemn new record number of executions in Saudi Arabia
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Ireland:

Ex-wives of Sean Dunne to be paid almost €2.5m from his bankruptcy estate
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Romania:

New Bucharest mayor says public transport company near bankruptcy due to debts
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Argentina:

Milei’s ‘chainsaw’ minister pushes major reforms for 2026
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India:

IBBI Introduces Form Modification Facility and Late Filing Fees
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GST Demand Quashed as Pre-CIRP Dues Extinguished Under Approved Resolution Plan
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A Discussion Of The IBC Amendment Bill 2025
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MCA Moves To Strengthen Insolvency Infrastructure With More NCLT, NCLAT Benches
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Australia:

Bankruptcy trustee Gavin King sued over alleged serious breaches of trust
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Which creditors are forcing Australians to go bankrupt?
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Insolvent firm run by ex-AFL star wipes millions in debt via 'legal phoenixing'
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Germany:

Insolvency looms closer – Stuttgart on its way to becoming Germany’s Detroit
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China:

Vanke Averts Default as Bondholders Approve Longer Grace PeriodVanke wins 30-day bond grace period, avoids immediate default
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Brazil:

After nearly 10 years of crisis, creditors suspend Oi's bankruptcy and show why liquidating the company could be more expensive.
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