July 8, 2025

The Daily Bankruptcy News

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Law:

Will Associates See Bigger Salaries, Bonuses In 2025? Associate Salaries Plateau as Big Law Grapples With Listless M&A
(DBN)

Some Biglaw Lateral Hires Really Aren’t That Great
(DBN)

Spineless Biglaw Firms Featured In Sunday Funny Pages
(DBN)

Goodwin Partner Rallying Big Law Against Trump Exits Firm
(DBN)

The "Big Beautiful Bill" & Law-School Student Loan Debt
(DBN)

Gibson Dunn Adds Leading Distressed Finance Partner Eugene Park to Premier Restructuring and Special Situations Practices in New York
(DBN)

Trump Orders Against Law Firms Pose Big Threat to Sixth Amendment
(DBN)

Latham Loses Appellate Litigator To Biglaw Firm Actually Willing To Defend The Rule Of Law
(DBN)

Hundreds of Massachusetts criminal cases could be dropped, indigent defendants released amid defense attorney work stoppage
(DBN)

An Innovation Race Is on to Pick the Top Law Firms of the Future
(DBN)

Two year suspension for smuggling cigarettes and other contraband to an incarcerated client
(DBN)

UK: City law firm partner moves surge to record levels
(DBN)

Ex-Jones Day partner to face tribunal over ‘burn it’ order
(DBN)

The Impact Of The One Big Beautiful Bill Act's Federal Student Loan Limits On Law Schools
(DBN)

DOJ, FBI conclude Jeffrey Epstein had no "client list," committed suicide MAGA World’s Mega Meltdown Over Latest Epstein Flop CCTV of Jeffrey Epstein’s final moments RELEASED 6yrs after paedo’s suicide… as FBI ends probe into billionaire’s death ‘No One Believes This!’ MAGA Heavyweights Flatly Reject Trump DOJ’s Claims That There Was No Epstein Client List Pam Bondi Under Scrutiny Over Jeffrey Epstein Client List Revelation Pam Bondi blasted as DOJ, FBI review finds no existence of Epstein client list, ‘Was she lying then?’ Loomer Demands Bondi Resign White House Asked About Pam Bondi Having Jeffrey Epstein Client List Top MAGA voices stunned by Trump administration debunking Epstein theories Pam Bondi’s botched handling of the Epstein files Trump Admin’s Epstein Denial Backfires, Revives Elon Musk Allegations ‘I’m Gonna Go Throw Up’: Alex Jones Breaks Down in Tears While Condemning Trump Over Epstein ‘Cover-Up’ Pam Bondi And The Case Of The Missing Epstein Client List (That She Assured Us Was ‘On My Desk’)
(DBN)

Texas Border Patrol Ambushed by Shooter
(DBN)

AG Bondi cited this justification for Trump’s power to ignore TikTok ban
(DBN)

Gia Giudice Pleads with President Trump to Pardon Her Deported Dad Joe Giudice After Chrisleys Shakeup
(DBN)

Trump Administration Ends 25-Year Migrant Protections for Two Countries Trump Admin Touts 'Win' After South Sudan Deportations Completed Take Off the Mask, ICE Trump’s ominous ICE security state Marines team up with ICE in bold move to boost ‘threat awareness’ at critical military bases ICE Raids Derail Los Angeles Economy As Workers Go Missing Trump administration says it will deport Kilmar Abrego Garcia before his trial if he’s released from criminal custody The repressive tool behind Trump’s latest immigration crackdown Troops and federal agents briefly descend on LA’s MacArthur Park in largely immigrant neighborhood Operation Excalibur in Los Angeles Was Show of Force Protesters Confront ICE, Military in Los Angeles Park Raid Green Card Replacement Processing Time Surges Nearly 1,000 Percent El Salvador Says Trump Admin Controls Migrants in Notorious CECOT Prison Trump Megabill Will Supersize ICE’s Mass-Deportation Push Where Trump Wants to Send Deportees Under the Third-Country Deal
(DBN)

Trump Nods to Side Deal With Ellisons, Says ‘60 Minutes’ Settlement Includes Additional $16 Million in Advertising
(DBN)

Police arrest 7 for allegedly stealing $100M worth of jewelry in massive Hollywood-style heist back in 2022
(DBN)

A Rolls-Royce was nicked from a Texas valet stand — which police say led them to a $1.5M luxury car theft ring
(DBN)

‘Do we have to die? Fix the road’: Phoenix family demands city help after 18 cars have crashed into their home
(DBN)

80-year-old accused of killing wife with hammer in fight about doctor
(DBN)

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Judges:

Selection of U.S. Bankruptcy Judges for the District of Utah
(DBN)

BK OR: Term Law Clerk Vacancy (Judge Pearson)
(DBN)

‘Like nailing jello to a wall’: Judge scolds DOJ for shifting positions on Abrego deportation US judge rules Abrego's challenge to wrongful deportation can proceed
(DBN)

Trump admin waffles in court on whether pro-Palestinian foreigners have full First Amendment rights
(DBN)

Federal trial starts over Trump administration’s crackdown on pro-Palestinian campus activists
(DBN)

Judge tells court callers their concerns can be addressed by ‘cracking open Moore’s Federal Practice’
(DBN)

Transgender teacher likely to fail in First Amendment challenge to Florida pronouns law, 11th Circuit says
(DBN)

Posner, Chemerinsky, and the Perils of Dishonest and Dangerous Formalism
(DBN)

The Supreme Court’s Majority Is Playing Noah Feldman Like a Fiddle
(DBN)

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Wall Street:

S&P 500 futures mixed after Trump announces high tariffs on a group of nations
(DBN)

World shares mostly rise as markets shrug off Trump’s tariff pressures
(DBN)

Stocks tumble after Trump announces tariffs on countries including Japan and South Korea
(DBN)

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Layoffs:

Federal Workforce Cuts Drive Government Lawyers to Private Sector in D.C. Legal Market Shift
(DBN)

Department of Veterans Affairs eases on mass layoff plan
(DBN)

Levi Strauss to lay off hundreds with Kentucky distribution center closure
(DBN)

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Autos:

Tesla investors ‘exhausted’ as Trump attacks ‘train wreck’ Musk
(DBN)

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Climate:

Death Valley National Park is so hot that cars keep catching on fire
(DBN)

Global 3C warming would hurt UK economy much more than previously predicted, OBR says
(DBN)

Trump directs Treasury to limit wind and solar tax credits
(DBN)

Chart: The Plummeting Cost of Renewable Energy
(DBN)

Climate change makes deadly floods more likely — but Washington is responding with cuts
(DBN)

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Agribusiness:

Southwestern Pa. farm warns of bankruptcy, closes multiple roadside stands
(DBN)

Arkansas farm bankruptcies 'skyrocketing' as crop prices fall, input costs soar
(DBN)

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Assisted Living:

Continuing-care retirement home failures leave seniors and their families bereft
(DBN)

Long Island widow, 89, paid $1M to join senior facility before it went bankrupt — wiping out most of her savings
(DBN)

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Corporate Governance:

The Cushiest Job In Corporate America Is Getting Harder
(DBN)

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Apparel:

Apparel Firms Feel the Bite From US Import Tariffs
(DBN)

Plus-size clothes are disappearing in the Ozempic era
(DBN)

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Non-Profits:

IRS says churches can endorse political candidates to congregations
(DBN)

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Economy:

The Dollar Is Sinking: Here's Why The declining dollar faces more headwinds after posting worst first-half return in 52 years
(DBN)

Forget a ‘shadow’ Fed chair, here’s how the central bank could have two different leaders at once
(DBN)

Economic Challenges in 2025: The Looming Threat of Increased Bankruptcy Restructuring
(DBN)

New Council of Economic Advisors report finds tariffs not causing inflation
(DBN)

Trump announces new tariffs of up to 40% on a growing number of countries How Trump's trade war is upending the global economy Europe Pushes for Midweek Trade Deal With US Despite Trump's New Delay China warns Trump on tariffs, threatens retaliation on supply chain deals Trump Extends ‘Liberation Day’ Tariff Delay As He Rolls Out New Rates On 7 Countries Trump’s New Trade Threats Set Off Global Scramble to Avoid Tariffs Trump Delays Tariff Deadline—Here Are The 27 Times He’s Changed His Mind Since ‘Liberation Day’ Trump’s new wave of tariffs, briefly explained Deals made by Trump since pausing his 'Liberation Day' tariffs remain sparse The next phase of tariff limbo is just starting Trump sends tariff letters, placing 25% levies on top allies Donald Trump Hits Two Major Allies with New Tariff Rate Donald Trump Threatens Russia Tariffs as Relationship With Putin Worsens Tariffs, explained: What Trump wants from all these trade deals Lula tells Trump world does not want 'emperor' after US threatens BRICS tariff BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says Trump reignites global trade war Japan calls Trump’s latest tariff salvo ‘regrettable’ as nations scramble to deal with fresh deadline Japan vows to seek U.S. auto tariff concessions in trade talks Southeast Asia, spooked by Trump tariffs, presses for more talks World Leaders React To Trump’s Renewed Tariff Threats—‘Don’t Want An Emperor’
(DBN)

Trump advisor Navarro rips Apple’s Tim Cook, says he’s not moving factories out of China fast enough
(DBN)

Bessent demands apology from Summers over ‘big, beautiful bill’ criticism
(DBN)

How Bad Is Trump's Big Beautiful Bill? The Answer In 10 Charts
(DBN)

Worldwide Birth Rate Warning Issued for 2025
(DBN)

Here are 5 things that will likely get more expensive in 2025
(DBN)

Hundreds of Thousands of Women Are Leaving the Labor Force—Report
(DBN)

Disposable income and spending growth Overall trends and effects from fiscal stimulus
(DBN)

Aging Populations
(DBN)

Ranked: The Best Countries for Work-Life Balance in 2025
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

July ICE Mortgage Monitor: Home Prices Continue to Cool, Early Signs of Homeowner Risk Emerge
(DBN)

Housing July 7th Weekly Update: Inventory up 2.7% Week-over-week, Only Down 10% from 2019 Levels
(DBN)

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration
(DBN)

Investors snap up growing share of US homes as traditional buyers struggle to afford one
(DBN)

June 2025 Monthly Housing Market Trends Report
(DBN)

Bank of America sounds the alarm on new 'less for more' housing market trend
(DBN)

America’s fastest-growing suburbs are about to get very expensive
(DBN)

California homeowners facing a ‘statewide insurance crisis’ as providers continue to back out of the market
(DBN)

The Real-Estate Sons Have Taken Over
(DBN)

Lumber Prices Up 26% YoY
(DBN)

Plans for high-rise in SF Sunset on hold after developers file for bankruptcy
(DBN)

Utah Sen. Mike Lee Says Selling Off Public Lands Will Solve the West’s Housing Crisis. Past Sales Show Otherwise.
(DBN)

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Municipalities:

S&P Sees Trump Tax Law Hurting State, Hospital Balance Sheets
(DBN)

Tax Hike Allows Jersey Shore School District To Avert Bankruptcy
(DBN)

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Oil/Gas:

Bondholders, bidders ready objections to Gold Reserve group's Citgo bid
(DBN)

Visualizing the Countries With the Largest Proven Oil Reserves
(DBN)

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Politics:

Here’s where Trump’s approval ratings stand on key issues
(DBN)

The Ruthless Ambition of Stephen Miller
(DBN)

Texas Flooding: Victims Death Toll Rises To 89, Ted Cruz Says 'In Hindsight' He'd Evacuate Are Donald Trump's NOAA Cuts to Blame for Texas Flood Tragedy? What To Know Ted Cruz Responds to 'Weather Modification' Claims Following Texas Flooding Was Texas Warned Of Flooding Properly? Here’s What We Know Three Big Questions After the Texas Floods Donald Trump Grilled About NWS Cuts After Deadly Texas Floods Debate erupts over role job cuts played in weather forecasts ahead of deadly Texas floods Cruz: ‘Something went wrong’ when camp wasn’t warned of flood Ted Cruz Was Vacationing in Europe as Emergency Crews Desperately Searched for Texas Flood Survivors Vacationing Ted Cruz’s ‘As Fast as Humanly Possible’ Return Claim Crumbles 'Screaming was unbearable': RV park survivor details moment floods overtook campers Beleaguered Weather Service defends its forecasts as Texas officials point fingers over flood warnings The timeline of warnings from the National Weather Service ahead of Texas flooding Texas summer camp says 27 dead after catastrophic flooding Texas flood forecasts were accurate. It wasn’t enough to save lives. Quick action by 1 Texas summer camp led to timely evacuations ahead of deadly flood Local officials facing questions over their actions in the years and hours before deadly Texas floods
(DBN)

White House Rose Garden Disappears as Iconic Lawn Completely Paved Over
(DBN)

Zohran Mamdani Gets Major Polling Boost in New York Mayoral Race We are NYC rabbis who support Zohran Mamdani – Here’s why
(DBN)

Trump Responds to Elon Musk's New Political Party: 'Train Wreck' Elon Musk Mocks Trump After 'Train Wreck' Jibe Musk tweaks Trump with Jeffrey Epstein post ‘This guy is our Einstein’: Jamie Dimon vows to support Elon Musk Tesla shares plunge again as politics, China weigh on Musk Unverified filings list Tesla CFO as treasurer of new Musk political party Musk puts Trump beef back on the front-burner Elon Musk Net Worth Slides $14 Billion As Investors Grow ‘Tired’ Of Musk’s Political Activity What to know about Elon Musk’s ‘America Party’ Elon Musk’s MAGA Feud Now Includes Key Republican Elon Musk’s Political Party Would Offer Nothing New How Elon Musk's Third Party Gamble Could Succeed
(DBN)

‘A Little Late!’ Mark Ruffalo Torches Joe Rogan Over Outrage at ‘Insane’ ICE Deportations
(DBN)

Nearly Half Of American Expats Ready To Ditch Their U.S. Citizenship
(DBN)

Trump urges Brazil to spare its former president over attempted coup
(DBN)

What We Know About the Mamdani Admissions Story from the Times Jeffries plans to meet with Mamdani next week
(DBN)

Trump donor scammed out of $250k in crypto after someone pretending to be Steve Witkoff allegedly sent an eerily convincing email
(DBN)

White House looks into rogue employee who used a DOGE account to DM anti-Musk activist
(DBN)

The Tax Bill's Private School Loophole Would Make DOGE Cry
(DBN)

The 'Big Beautiful Bill' slashes food stamps. One map shows how much red states depend on them.
(DBN)

Senate GOP not happy with Trump beatdown of Tillis
(DBN)

____________

Student Debt:

Trump is reshaping a student loan forgiveness program. Some fear politics will decide who qualifies
(DBN)

Student Loan Update: Trump Admin Making Major Change to Forgiveness Program
(DBN)

____________

Tax:

Social Security email incorrectly says Trump’s ‘big beautiful bill’ ends tax on benefits
(DBN)

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Fraud:

Attorney General Pam Bondi fires lead prosecutor in Govoni fraud case
(DBN)

____________

Solar:

Sunnova's Unsecured Creditors Oppose Releasing KKR Over Loan
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings On The Rise In ‘25
(DBN)

______________

Bankruptcy Crimes:

Wisconsin man sentenced to 7 years in prison for roughly $20 million in bankruptcy fraud, contempt of court
(DBN)

Man sentenced after lying in bankruptcy proceedings
(DBN)

____________

D&O:

Tolling Agreement Is a Claim, But Not a Securities Claim
(DBN)

____________

Personal Genomics:

California fails to stop 23andMe founder from re-acquiring company
(DBN)

____________

Healthcare:

Americans Advised To 'Get A Job' To Secure Health Insurance
(DBN)

US Measles Cases at an All-Time High After Disease 'Eliminated' Map Shows States Hit Hardest by Measles Outbreak as Cases Break Record
(DBN)

Trump bill's health effects won't be felt until after midterms
(DBN)

Docs sue RFK Jr. over COVID vax policy changes
(DBN)

Planned Parenthood sues Trump over "defund" provision
(DBN)

American kids have become increasingly unhealthy over nearly two decades, new study finds
(DBN)

Child Mortality Rate Has Jumped Since 2019—Report
(DBN)

____________

Personal Finance:

Stay-at-home mom charges husband $2,700 a week for unpaid — and the internet is divided
(DBN)

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Weight Loss:

WeightWatchers emerges from bankruptcy after slimming down debts WeightWatchers names new medical chief, plans to offer menopause therapy and support
(DBN)

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Food/Beverage:

Del Monte Foods Secures $912.5M As It Enters Voluntary Chapter 11 Bankruptcy Del Monte Philippines shines as US sister unit goes bankrupt
(DBN)

These 10 Steakhouse Chains Are Fighting To Stay Open
(DBN)

RFK Jr. promoted a food company he says will make Americans healthy. Their meals are ultraprocessed
(DBN)

Are seed oils actually bad for your health? Here's the science behind the controversy
(DBN)

____________

Movie Theaters:

Cinemaworld of Florida is latest movie theater chain to file for bankruptcy
(DBN)

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Crypto:

FTX Creditor Freezes 82% of Repayments Across 49 Jurisdictions Including Nigeria, Zimbabwe, Egypt FTX’s Chinese Customers In Limbo Over Local Crypto Crackdown
(DBN)

FTX Claims Total $11B, With $1.4B Still Unresolved
(DBN)

____________

Education:

Professors describe fear amid Trump pro-Palestine activism crackdown
(DBN)

US teacher quits, saying kids ‘can’t even read’ — and she says they need to be ‘cut off’ from technology ASAP
(DBN)

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Retailing:

Joann supplier going out of business Tariffs Push Gift-Wrap Maker DGA to Bankruptcy
(DBN)

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Utilities:

Blackout risks rising as AI, reindustrialization push strain grid
(DBN)

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Theme Parks:

Seaquarium’s new owners ask court for sale of dolphins, other animals
(DBN)

____________

UK:

Emmerdale star and comedy legend left living 'hand to mouth' after declaring bankruptcy
(DBN)

Council insolvent due to SEND debt, leader says The special needs spending crisis threatening to bankrupt Britain’s councils
(DBN)

____________

Canada:

Export Development Canada out $46.3-million after pushing Attabotics into creditor protection
(DBN)

Will the fall of Hudson's Bay spur change for workers often at the bottom of the creditor pile?
(DBN)

____________

MENA:

Israeli officials think Trump could give them green light to attack Iran again
(DBN)

Trump admin to revoke foreign terrorist organization designation for group led by Syria’s interim president
(DBN)

Houthis claim first ship sinking this year in Red Sea attack
(DBN)

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Russia:

Russia Appears To Be Hiding Its Death Figures
(DBN)

Lavrov Lists Russia Demands for Ukraine Peace
(DBN)

GOP lawmaker: Trump's 'patience' with Putin 'wearing thin'
(DBN)

Putin Claims Credit for US Independence
(DBN)

US Electronic Components Still Turning Up in Russian Fighter Jets: Report
(DBN)

Halted military aid for Ukraine may start flowing again Trump says U.S. will send more weapons to Ukraine
(DBN)

____________

Germany:

German exports fall more than expected in May German Exports Fall Again as Tariffs Drag on Economy
(DBN)

German solar glass maker GMB files for insolvency
(DBN)

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France:

Gide strengthens its Restructuring practice with the arrival of Pauline Bournoville as partner
(DBN)

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Australia:

Popular fast food chain collapses and leaves behind trail of debt
(DBN)

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China:

Chinese experts sound alarm over the economy
(DBN)

____________

India:

IBBI Amends Corporate Insolvency Resolution Process
(DBN)

Parallel worlds in attaching corporate insolvency assets
(DBN)

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