August 6, 2026

The Daily Bankruptcy News

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Law:

Biglaw Is Now The Largest Employer Of New Law Grads
(DBN)

Biggest US law firms explore selling stakes to private equity
(DBN)

Ford GC Is Right. AI Keeps Work In-House, but Not Only in Legal
(DBN)

Advice About AI for New Law Students
(DBN)

Milbank Is So Busy It’s Letting Its Incoming Associates Start Early — Again
(DBN)

ABA Rejects Plan to End DEI Rule for Law Schools
(DBN)

Brown Rudnick Wipes Out HSF Kramer IP Group With New Office
(DBN)

Hogan Lovells Cadwalader’s First Litigation Hire Is From Crowell
(DBN)

Biglaw Firm Goes Even Bigger With Largest Group Hire In Firm History
(DBN)

Legal artificial intelligence is creating a hidden writing problem
(DBN)

Appeals court suspends lawyer who denied sex with client
(DBN)

Bar candidate whose care was delayed after heart attack sues university
(DBN)

Will We Never Learn Our Lesson About The Bar Exam?
(DBN)

State Supreme Court Approves Skills-Based Pathway To Becoming Licensed Lawyer In New Mexico
(DBN)

Court confirms that temporary deportation protections for Haitians are no longer in place‘People are going to kill me’: Haitians fear deportation as US revokes protected status ICE begins outfitting Haitian immigrants with ankle monitors, attorneys say‘What they’re doing qualifies as torture’: new details of ICE force-feeding revealedMap shows ICE deportation costs in every US countySilicon Valley leaders seek to block ICE detention centers Mullin’s immigration balancing act grows more precarious Chicago police won't explain suspended DHS case Trump deportations cost taxpayers $2,358 each
(DBN)

Why Trump picked a Houston boutique law firm for a $150 million job
(DBN)

White House declassifies info on secret FBI probe into whether Trump fired Comey at Russia's behest, official says
(DBN)

Blanche Tosses Pirro Under the Bus When Asked About Trump Possibly Firing HerBlanche defers to Trump on Pirro’s future over Reflecting Pool case: ‘That’s his call’Jeanine Pirro has finally admitted the truth about the reflecting poolWhat did the Reflecting Pool grand jury hear?Jeanine Pirro faces the choice many Trump officials confront at one point or anotherTrump administration accused of destroying reflecting pool evidence
(DBN)

Giving the President Tax Immunity Would Be Illegal and UnjustTodd Blanche kept Trump’s tax audit shield. It could erase a $100 million IRS bill
(DBN)

Where are they now? The ex-Trump lawyers in plum US government posts
(DBN)

Trump Trust begs judge to shut down order exposing 'sensitive' records in discovery
(DBN)

'Evidence of collusion' in Trump case 'amply supported' judge's sanctions: Court filing
(DBN)

Todd Blanche Loses Susan Collins’s Vote. Blame His Secret Promises To Anti-Abortion Groups.
(DBN)

U.S. attorney’s office offers mea culpa in ‘Broadview Six’ case, says no further inquiry warranted
(DBN)

Democrats refer Wright to DOJ for prosecution, accusing him of lying to Congress
(DBN)

New Mexico sues DOJ, Blanche; Alleging they blocked Epstein probeInvestigations into Epstein’s mysterious New Mexico ranch add pressure on the Justice Department
(DBN)

Grandmother poisoned her 4 grandkids with help from their mom to avoid summer with dad
(DBN)

Multiple people dead in North Carolina shooting, official says
(DBN)

FBI adds three suspects to most wanted list in $400M scam
(DBN)

Woman who helped commit double murder wanted victim's 'gold teeth as a trophy'
(DBN)

Man nearly blew wife's head off with shotgun during argument about their cats, cops say
(DBN)

Man hearing screams finds his brother-in-law 'actively stabbing' his sister: Police
(DBN)

Man tracked husband to Walmart and stabbed him before trying to have his family killed
(DBN)

Boater fuming over people hunting for lobsters in his spot cuts off diver's air supply, police say
(DBN)

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Judges:

FL: JEAC Says General Magistrates May Complete Bankruptcy Trustee Cases
(DBN)

The justices should hold regular press conferences
(DBN)

What does the Trump administration want from the Supreme Court next?
(DBN)

Judge slaps Trump admin with sanctions after DHS 'intentionally' violates discovery order
(DBN)

Supreme Court faces timing questions over Trump mail voting order before midterms
(DBN)

When the court denies racism that others see
(DBN)

Judge refuses to halt scathing ruling against Trump for suing his own government
(DBN)

Judge swats down Trump admin's last-minute request for more time in lawsuit
(DBN)

Florida’s no-children-at-drag shows law upheld by federal appeals court
(DBN)

Dog toy maker laps up victory over Jack Daniel’s trademark challenge at 9th Circuit
(DBN)

Divided federal appeals court says Trump administration was wrong to terminate climate funds
(DBN)

Former Federal Prosecutors To Senate: Stop Confirming Election Deniers To The Federal Bench
(DBN)

Fourth Circuit defines anti-cop license plate as protected private speech
(DBN)

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Wall Street:

Futures inch higher after Dow record close
(DBN)

Dow jumps more than 250 points for record close and fifth winning dayDow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
(DBN)

Wall Street’s ‘fear gauge’ is doing something unusual as stocks hit record highs
(DBN)

The S&P 500 just hit a new high. 'Big Short' investor Michael Burry thinks it could bring a 1987-style fall.
(DBN)

JPMorgan’s Jamie Dimon warns of high leverage: ‘Somebody will disrupt the market’
(DBN)

'Perps' are the risky new derivatives that could amplify stock blowups
(DBN)

The next AI boom in stock market after memory chip trade may be photonics
(DBN)

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Layoffs:

Etsy laying off 12% of staff in bid to streamline business, position for growth
(DBN)

Wells Fargo’s CEO Says AI Will Erase Tens of Thousands of Jobs. Here’s Why He’s Still Not Worried About Your Wallet
(DBN)

Block slashed 40% of its workforce for AI - and earnings suggest that's paying off
(DBN)

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Water:

Puerto Rico begins water rationing in San Juan and other major cities as crisis deepens
(DBN)

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Celebs:

Perez Hilton taken to hospital after livestreaming self-harm
(DBN)

Shilo Sanders seeks to seal written record of looming bankruptcy trial
(DBN)

Lawrence Dallaglio bankruptcy extended by a year after lavish lifestyle allegations
(DBN)

Feds question whether Ronn Owens’ GoFundMe donors got what they were promised
(DBN)

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Waste:

Otto, holder of NYC Bin contract, is in involuntary bankruptcy
(DBN)

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Trucking:

Teamsters sue California over self-driving truck rules
(DBN)

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Retailing:

Sleep Number and 7 other major retailers quietly filing for bankruptcy in 2026
(DBN)

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Entertainment:

Paramount-Warner Bros trial to start in March 2027 in blow to David Ellison
(DBN)

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Agribusiness:

Napa Valley winery Signorello faces $37 million foreclosure
(DBN)

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Theme Parks:

Ex-Dolphin Company CEO Loses Bid to Dismiss Chapter 11 Case
(DBN)

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Fintech:

Houston Judge Rejects Investors' Bid to Claw Back Linqto's Circle Shares
(DBN)

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Telecom:

Why AT&T, Verizon and T-Mobile shares are down after SpaceX's earnings
(DBN)

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Fraud:

Goodbye mansions, hello jail: Nevada woman stole $26 million from construction boss to live the high life — then the IRS caught up with her
(DBN)

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Water:

Dwindling Colorado River creates water and power challenges for the Western US
(DBN)

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Ride Hailing:

Uber pledges $10bn to win robotaxi race
(DBN)

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Apparel:

Sustainable Denim Brand Mud Jeans Files for Bankruptcy
(DBN)

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Economy:

Scott Bessent just declared the K-shaped economy is over, saying he’s sick of hearing about it—but the data would beg to disagree
(DBN)

US Signals Steady Debt Sales to 2027, Offers ‘Subtle’ Change
(DBN)

ADP says businesses added the fewest new jobs in six months. A summer slowdown in hiring?
(DBN)

US Services Activity Continues to Expand on Resilient Demand
(DBN)

‘Sell America’ Debate Re-Emerges as US Policies Sow Some Doubts
(DBN)

As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
(DBN)

Fed's Cook says ready to raise rates if inflation doesn't start easing
(DBN)

Stop assuming GDP is an indicator of prosperity
(DBN)

U.S. economy keeps up the momentum, but rising costs put a lid on new hiring
(DBN)

Affordability is a ‘defining challenge’ for Americans, with food costs leading the way, report finds
(DBN)

Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
(DBN)

Governments are making a dangerous bet on the AI boom
(DBN)

Record number of U.S. adults are moving in with their parents as costs rise, study finds
(DBN)

"Peanut butter" pay raises are out, as employers shift to merit-based hikes
(DBN)

Employers are hiring less but paying more
(DBN)

Trump admin refunds $100 billion in ‘liberation day’ tariffs Corporate America got billions of dollars in tariff refunds. Where’s your cut?E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%Will Trump’s Tariffs Be Reversed After He Leaves Office?
(DBN)

Career growth is actually a higher priority for Gen Z than work-life balance, survey says—with 93% of interns wanting to become executives
(DBN)

‘Every dollar is mobile’: California’s rich snap up New Zealand ‘golden visas’
(DBN)

Krugman: An Explosion of Misery - Making Americans hungry and uninsured again
(DBN)

Americans have $2.1 trillion sitting in nearly 32 million forgotten 401(k) accounts.
(DBN)

The average retirement savings in America by age 60
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Single Family Inventory Up Slightly Year-over-year
(DBN)

‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis
(DBN)

Locked out of housing, Gen Z and millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings
(DBN)

After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
(DBN)

East Tennessee family stuck with $99K loan after home dealership files for bankruptcy
(DBN)

Road Trip to Bankruptcy
(DBN)

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Oil/Gas:

USA only has 43 days left of emergency oil
(DBN)

Global economies face affordability issues as oil companies report huge earnings
(DBN)

‘All hands on deck’: Oil industry rallies to keep Trump from stopping exports
(DBN)

Middle East War Throws LNG’s Growth Story Into Doubt
(DBN)

Hormuz Crisis Is Rewriting the Global LPG Trade
(DBN)

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Autos:

Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle
(DBN)

Texas Cybertruck supplier files bankruptcy, delaying Tesla's recovery of needed equipment
(DBN)

How Carvana went from bankruptcy risk to record profits
(DBN)

Reebok Owner and HPS Back £450M Aston Martin Debt Deal
(DBN)

Used Car Sales Hit Summer Drag
(DBN)

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Religion:

As clergy run as Democrats, Republicans question their faith
(DBN)

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Solar:

Freedom Forever headed for liquidation
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

How Roy Cohn taught Donald Trump everything
(DBN)

Trump, Hegseth clashed at Camp David over Iran missile depletion concerns
(DBN)

Senate’s summer pileup is threatening a quick recess escape
(DBN)

GOP infighting erupts as Thune warns of legislative 'trainwreck'
(DBN)

Trump Said Qatari Jet Was Destined for His Library. That May ChangeIs Trump going to try to keep his flying palace?
(DBN)

Krugman: The Good News Trump Won’t Mention - Crime is plunging, but he can’t handle that truth
(DBN)

Lawmakers call for Pentagon probe of Trump family-backed companies
(DBN)

Peters argues Fauci can’t be punished for pleading Fifth ahead of contempt voteFauci faces contempt vote - here’s what to expectRepublicans may finally snare Dr. Fauci in Covid’s last culture war
(DBN)

Abdul El-Sayed wins Michigan’s Democratic Senate primary, notching a Midwest victory for the left Major victory for Democrats’ progressive wing El-Sayed calls for unity after tight Michigan Senate race: "There's a lot of healing to do after a hard-fought primary like this"Muslim Americans Celebrate Abdul El-Sayed’s Win in Michigan PrimaryTrump Loses It as ‘Communist’ Abdul El-Sayed WinsEl-Sayed Taunts ‘Coward’ GOP Rival – Dares Him to ‘Five Debates’JD Vance Frets Over ‘President El-Sayed’ Undoing Trump’s ‘Incredible’ WorkEl-Sayed Vows to Protect Jewish Voters Like His Own Kids After Primary Win
(DBN)

DSA candidate Will Lawrence wins Dem nomination in battleground MI-7 district
(DBN)

2026 is turning into a bloodbath for safe-seat House Democrats
(DBN)

Sabato’s Crystal Ball shifts Kansas Senate race in Democrats’ favor
(DBN)

Democratic socialists turn to Hong in Wisconsin with hopes for next big win
(DBN)

Wisconsin gov. candidate Hong faces backlash over ‘Cancel Thanksgiving’ comment—even from Democrats
(DBN)

Mike Lindell stepping down as MyPillow CEO to focus on Minnesota governor's race
(DBN)

House GOP anxiety spikes as scandals pile up in critical battleground seats
(DBN)

Rep. Max Miller defiant amid abuse allegations and scrutiny over release of 'sensitive' photo of child
(DBN)

Sen. Tammy Baldwin pushes Pentagon to release probe of Iranian attack that killed 6 U.S. troops in Kuwait
(DBN)

Talarico May Have Broken Same Voting Laws He’s Accused GOP Rival of Violating
(DBN)

Trump-Endorsed Candidate Suffers Embarrassing Loss to Opponent Who Dropped Out
(DBN)

MAGA In Turmoil Over Tucker Carlson Possible '28 Presidential Bid‘Whiny Turncoats’: Trump WH Goes Nuclear On Tucker Carlson’s ‘America First’ GatheringTucker Carlson unveils 10-point manifesto amid third-party speculation
(DBN)

Lawsuit over Missouri’s congressional map could throw a wrench into midterms
(DBN)

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Tech:

SpaceX stock falls 13% as AI spending surge rattles investors and massive share unlock looms Elon Musk’s SpaceX unnerves investors with lavish AI spending plans SpaceX insiders get their first chance to cash out - but the stock's slide will limit their opportunitySpaceX created a new class of ultrawealthy. Here’s what comes nextInvestors are having doubts about Elon Musk’s grandiose ambitionsWhy SpaceX stock is falling despite strong revenue growthSpaceX moon crash is a perfect metaphor for rocket maker’s share price, analysts say
(DBN)

AI's bottomless pit problem: Investors are scrutinizing costs
(DBN)

Should AI labs be treated like the owners of dangerous animals?
(DBN)

How OpenAI's agents broke out of testing to hack Hugging Face
(DBN)

AI models are behaving unexpectedly. Experts warn of a "bumpy road" ahead
(DBN)

Anthropic CEO Says His Employees Are a Bunch of Untrustworthy Rats
(DBN)

Texas Data Centers Suffer Brutal Collision With Reality
(DBN)

Elon Musk Allegedly Stiffing Contractors on Huge Bills
(DBN)

It's the worst time in years to invest in AI credit markets: 'Almost no upside and plenty of downside'
(DBN)

Google’s AI Is Telling Users That Flock Cameras Are Filled With Valuable Gold and Copper
(DBN)

Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO saysCitadel surges 6% after swoop on Situational AwarenessCitadel ‘makes a killing’
(DBN)

Situational Awareness Returns to Investing Days After Near-Collapse, Bets $400M on Private Company
(DBN)

Who needs consultants in the age of AI?
(DBN)

Google is expanding its AI empire — and losing the people who built it
(DBN)

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Batteries:

A Billion-Dollar Kentucky Battery Plant Went Bankrupt, Got Fined By The DOJ, And Is Now Owned By The Contractor It Never Paid
(DBN)

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Electricity:

Power station power struggle: Pleasants Power Station owners fight to dismiss bankruptcy filing
(DBN)

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  New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Oklahoma business bankruptcy rate in the top ten
(DBN)

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Subchapter V:

Small Business Reorganization Act of 2019: "A Guide to the Small Business Reorganization Act of 2019" and "Key Events in the Timeline of Subchapter V Cases"
(DBN)

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Mass Torts:

Talc Terror: Overland Bath Maker Vi-Jon Files for Bankruptcy Amid Cancer Claims
(DBN)

Court rules Burlington parishes are not separate from diocese in bankruptcy
(DBN)

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Aviation:

As airlines struggle, their suppliers are flying high
(DBN)

Wizz Air swings to loss as Iran conflict drives up jet fuel costs
(DBN)

Trump’s Marine One came less than a mile from hitting jet
(DBN)

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Food/Beverage:

Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challengesTo Close All RestaurantsLettuce Pray, Phoenix-Born Salad And Go Shutters All 70 Drive-Thru Stores After Bankruptcy Filing Alert: Salad And Go Chapter 11Dutch Bros to buy Salad and Go assets
(DBN)

Less booze, fewer buddies
(DBN)

Government-run grocery stores face renewed scrutiny after Chicago's experiment fizzles
(DBN)

Restaurant Brands International earnings beat as Burger King’s U.S. business soars
(DBN)

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Climate:

Record-low Danube River levels put Hungary's only nuclear plant on brink of shutting down
(DBN)

Europe’s Heatwave Is Hitting Refineries And Power Supplies
(DBN)

Global Warming Is Rapidly Accelerating, New Paper Finds
(DBN)

Budapest goes dark amid a drought-driven power crunch
(DBN)

Extreme weather is drying up Europe’s rivers in a crisis so dire it can be seen from space
(DBN)

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Prediction Markets:

Kalshi Defends Plan to Bet on Lives of Cancer Patients
(DBN)

Trump Jr.'s investment fund backed Polymarket at $300 million. After a federal license, it’s now reportedly worth $15 billion
(DBN)

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Bicycles:

Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyoutEnd of a cycling empire? Bike maker Accell at risk of bankruptcyRaleigh owner starts insolvency proceedings -  “deeply sad and frustrating situation”
(DBN)

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Sports:

LIV Golf pursues ‘grand bargain’ with Saudi wealth fund and BC PartnersReport: BC Partners Credit exploring loan to LIV GolfLIV Golf has lead investor and planning ahead for another seasonDustin Johnson reacts
(DBN)

Gianni Infantino admits ‘mistakes’ over failed $20bn FIFA investment plan
(DBN)

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Healthcare:

Charleston-area plastic surgery practice is bankrupt, leaving patients in the lurch
(DBN)

Michigan just erased $74 million in personal medical debt — other states are doing the same.
(DBN)

Dr. Oz says 'many' seniors will see even lower premiums next year — but only about a quarter are projected to see flat or lower costs at all
(DBN)

The risks of many diseases are linked to birth order, study finds
(DBN)

Cyclosporiasis outbreak has affected about 1 in every 1,000 people in Michigan and killed two
(DBN)

Mexican jalapenos tied to Salmonella outbreak in 27 U.S. states
(DBN)

New York legalizes medical aid in dying after decade-long battle
(DBN)

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Private Credit:

Ares scales back blockbuster private credit vehicle after valuation pushback
(DBN)

Two regional Fed banks to launch pilot survey of private credit market
(DBN)

Early Warning Signals in Private Credit? What BDC Portfolios Reveal about Emerging Risks
(DBN)

Private credit isn't a repeat of the 2008 global financial crisis, says Partners Group
(DBN)

Singapore banks offload risk to private credit
(DBN)

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Student Debt:

450K student loan borrowers eligible for debt relief after court ruling
(DBN)

Student loan rates in August 2026: What borrowers need to know
(DBN)

The Trump administration tried to delay student loan forgiveness for nearly 180,000 borrowers. A federal court said no
(DBN)

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Hedge Funds:

Big US hedge funds targeted by wave of cyber attacks
(DBN)

Filing Alert: Revere Capital Advisors Chapter 11
(DBN)

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Crypto:

Feds accuse crypto founder of stealing $10 million from NFT investors, spending it on Miami condo and DJ hobby
(DBN)

71.9% of Former Top-100 Cryptocurrencies Are Now Defunct
(DBN)

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Metals:

US bans exports of various used critical minerals
(DBN)

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UK:

At least half a dozen senior NHS leaders linked to Palantir
(DBN)

Zack Polanski calls for higher taxes on oil and gas profits to fund wildfire prevention
(DBN)

How AI is breaking the British state
(DBN)

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Canada:

Goodfood, Montreal-based meal kit company, seeks bankruptcy protection
(DBN)

Creditor claims $122 million loan default on Portwood development
(DBN)

Toronto Townhouse Project With 65 Unsold Units Placed Under Creditor Protection
(DBN)

Carney Wants Broader Tariff Relief as Trump’s New 50% Levy Looms
(DBN)

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Cuba:

As the lights go out, Cuba’s true believers vow to resist US intervention
(DBN)

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Russia:

Ukraine’s military hits one of Russia’s biggest oil refineries in long-range drone attack
(DBN)

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Australia:

Leading restructuring lawyer Nicholas Dunstone joins Jones Day in Sydney
(DBN)

Jon Adgemis seeks to block probe into $1.8 billion bankruptcyJon Adgemis is still refusing to front up over his $1.8b bankruptcy
(DBN)

Safe Harbour Under Scrutiny
(DBN)

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MENA:

An agreement on the Strait of Hormuz is taking shape – but not one Trump wantsIran says it has reached agreement with Oman on Hormuz shipping routeUS ready to return to 'commitments,' Iran says as Strait of Hormuz deal looms
(DBN)

Iran threatens to hit Gulf states if US launches new strikes
(DBN)

Yemen's Houthis say they attacked Saudi oil tankers in Red Sea, Gulf of Aden
(DBN)

Israel launches strikes on Lebanon in new flare-up
(DBN)

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South Africa:

Inside Gauteng’s bid to fix South Africa’s insolvency crisis
(DBN)

The municipal insolvency elephant
(DBN)

SA seeks advisors for creditor talks on Eskom spin-off
(DBN)

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Germany:

Debt-to-Equity Swap: Opportunities and Risks
(DBN)

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Sweden:

Swedish Festival Canceled As Organizer Files For Bankruptcy
(DBN)

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Mexico:

Mexican Influencer Is Shot Dead During a Livestream in Sinaloa
(DBN)

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China:

China hits back at US with sanctions and tighter drone export rules
(DBN)

China’s AI drive threatens to the world’s largest workforce
(DBN)

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