February 6, 2026

The Daily Bankruptcy News

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Law:

Key Witness in Case Against Tom Goldstein Eviscerated on Cross
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Ice Miller Establishes Delaware Presence, Adds Christopher Samis As Lateral Leader To Anchor New Office
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U.S. restructuring 2025 review and 2026 outlook
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‘I am absolutely f-----’ declares solicitor after mislaying clients' £1.2m
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Notorious solicitor struck off for police interview deceit
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Texas NAACP President Faces Legal Scrutiny over AI-Generated Misleading Citations
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Appalachian School of Law receives county funding while in merger talks
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Morrison Foerster Opens Seattle Office, Welcomes 15 Perkins Coie Litigation Partners, and Establishes Market-Leading Presence in the Pacific Northwest
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McGuireWoods Recruits 8-Partner Perkins Coie Group, Launches Seattle Office
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Navigating AI’s Ethical Challenges: A Cautionary Tale from Washington State’s Legal Sector
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‘AI doesn’t replace drafting skills or experience – it amplifies them’
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Eversheds Sutherland launches ‘AI-centric’ innovation department in US
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Brad Karp’s Paul, Weiss Reign Ends With An Epstein-File Plot TwistEpstein Files Fallout Sparks Leadership Doubts, Possible Partner Exit Fears At Paul, Weiss‘Call Brad Karp’: Epstein’s Fondness for Lawyer Ends in DownfallNew Epstein Revelations Bring Massive Upheaval at Paul WeissKarp Ouster Tests Dealmaker Barshay’s Ability to Lead Paul WeissWith Abrupt Transition, 'Profound Ripples' Expected at Paul Weiss and in the Talent Market
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Top Goldman Attorney ‘Joked’ About Trading Russians For Money With Jeffrey Epstein
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Jones Day Collecting Cash From Ghislaine Maxwell Epstein Files Show
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DOJ Limits Immigrants’ Options to Fight Deportation OrdersWarren slams Kennedy’s 'disregard for child welfare' amid immigration crackdownThe detention of New Jersey kebab shop owners sparked change. Deportation still looms300 ex-DOJ lawyers urge Bondi to allow local investigations into DHS killingsEntire Crowd of Wrestling Fans Chants ‘F--- ICE!’ in Jarring Trump RebukeVirginia governor orders end to state agency partnerships with ICEThe economics of an ICE raid: What's left behind after agents complete mass arrests
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"Tsunami" of immigration detention cases strains U.S. Attorney's offices across America
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11 charged in "marriage fraud" scheme for allegedly paying U.S. service members to wed Chinese nationals
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Charlie Adelson Pushes For Retrial
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Anthropic’s Legal Plug In: Hate to Say We Told You So, But We Told You So
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Savannah Guthrie’s desperate plea for mom’s safe return is a ‘strong signal’ there’s no legitimate ransom note yet: ex-FBI directorArrest for 'imposter' ransom demand made in connection with Nancy Guthrie case: FBI Feds charge a California man with trying to profit from Nancy Guthrie's disappearance with a bogus ransom Disturbing Nancy Guthrie ‘ransom deadline’ is ‘coming up fast’ at 5pm Thursday after note demanded ‘millions in Bitcoin’Nancy Guthrie's garage door closed, and the 14-hour mystery over her abduction began $50K reward offered as desperate search for Savannah Guthrie’s missing mom continuesCops reveal timeline of Nancy Guthrie’s harrowing final minutes before disappearanceSheriff refuses to rule out Savannah Guthrie’s brother-in-law as suspect in Nancy’s disappearanceNancy Guthrie’s 2 a.m. pacemaker ping could point to heart rate-spiking struggle, lead cardiologist saysSavannah Guthrie’s missing mother is ‘still out there,’ sheriff says, but no suspects5 takeaways on the search for Savannah Guthrie’s motherSavannah Guthrie's brother Camron urges Nancy's possible abductor to contact family
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'Hang Trump': Man called for assassination of president and his supporters, feds say
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Maryland man facing attempted murder charges after showing up at OMB Director Russell Vought's home
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Family missed deadline to sue hospital over deceased inmate’s organ harvesting, state supreme court says
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5-year-old boy dies after dad tortured him for months while girlfriend did nothing: Cops
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Man shot and killed his mother in front of his 9-year-old daughter after being evicted: DA
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Man accused of shooting 2 cops claims Trump will rescue him from 'illegal insurrection'
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Mom kicks pregnant officer in stomach after she bars her from seeing kid at school: Cops
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Grandma used Molotov cocktail to start house fire that killed young granddaughters: Cops
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Cops: Siblings threatened to kill each other over 'who ate the last sticky bun'
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The return of the US mafia: how the mob came out of hiding
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Judges:

Sen. Blackburn demands probe of Ketanji Brown Jackson for attending politically charged Grammys
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From the Gridiron to the Courtroom: Judges draw on Vince Lombardi’s wisdom
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Court says school shooter's writings can be public
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Judge rules Texas anti-ESG law is unconstitutional
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Frustrations from judge, prosecutor in Minnesota boil over amid Trump's ICE surge: "Not above the law"
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Judge who helped immigrant evade arrest says 'ICE had no lawful right' to arrest him
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Judge says Trump admin officials must answer questions under oath in USAID lawsuit
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Judge's grilling of sleepless DHS lawyer was even more startling than initially reported
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Judge whose son was killed: Trump-fueled threats must stop or more will die
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Wall Street:

Stock futures rise as Amazon slide adds to Wall Street’s tech woes
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Stocks tumble for third day, pushing S&P 500 red for 2026 as investors exit tech, bitcoinStocks Slide as Software Selloff Deepens; Bitcoin Falls
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VIX surges as stock-market selloff looks set to continue after Challenger report
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Dow drops 600 points, Nasdaq craters for a third day as stock sell-off gains steam
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Layoffs:

Layoffs in January were the highest to start a year since 2009, Challenger says
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Trump finalizes rule making it easier to fire 50,000 federal workers
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Trump Holds Broad Power Over Which Federal Jobs Lose Protections
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Workday cuts 400 jobs as software stocks tumble
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Tech:

Anthropic launches Claude Opus 4.6 as AI moves toward a ‘vibe working’ era
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Altman lashes out at ‘clearly dishonest’ Anthropic ads as AI spat heats up
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The AI boom's surprising winners aren't even tech companies
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The $3 trillion AI data center build-out becomes all-consuming for debt markets
(DBN)

Why a new AI tool hammered some software stocksAI fears pummel software stocks: Is it ‘illogical’ panic or a SaaS apocalypse?
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Amazon stock falls 10% on $200 billion spending forecast, earnings miss
(DBN)

New Site Lets AI Rent Human Bodies
(DBN)

AI’s apocalyptic jobs prophecy is about to become reality
(DBN)

On Moltbook, AI Bots Create Religions, Deal Digital Drugs — But Are Some Really Humans In Disguise?
(DBN)

AI now enhances workflow for Coach and Kate Spade designers
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Debate Over Teen Social Media Use Grows in Key Market India
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Glass:

Defunct Glass Company Still on The Hook for $1.6 M Pension Bill, Court Says
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Accounting:

KPMG pressed its auditor to pass on AI cost savings
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Economy:

Trump would decide whether to investigate Fed pick Warsh over refusal to cut rates: Bessent
(DBN)

GOP senators say Powell probe ‘waste of time’ amid Warsh impasse
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Some older Americans are ‘unretiring’ to keep up with cost of living, AARP survey finds
(DBN)

The typical U.S. worker has $955 saved for retirement, report finds
(DBN)

CBS News poll on opportunity and the economy. Is it easier or harder now to buy a house, get a job?
(DBN)

US jobless claims top all estimates in extremely cold weekUS applications for jobless benefits jump by 22,000 to 231,000 last week, the most in 2 months.
(DBN)

The jobs market is starting to show hard-to-ignore cracks
(DBN)

US job openings fall to 6.5M, fewest since 2020Job openings plummet in warning sign for Trump's economyJob openings plunge to lowest level in more than five years: BLS
(DBN)

Argentina and US sign free trade deal in breakthrough for Milei
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Homeland Security shutdown grows more likely as Republicans rebuff Democrats’ ICE demandsGOP game-plans for a DHS shutdown, as skepticism grows over talksDems outline 10 demands to GOP in ICE funding fight
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US Debt Clock
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World Debt Clock
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Real Estate:

Bankruptcy deal could clear path to clean up DTLA’s graffiti towers
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Judge raises concerns that Leland House tenants in Detroit were excluded from bankruptcy case
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Saks Off 5th, Last Call leases hitting the market
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Pagosa Springs timeshares go bankrupt, will sell their 13 resort buildings
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Municipalities:

Epstein described Detroit as ‘petri dish’ for financial experiments, records show
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Weight Loss:

Novo Nordisk and Eli Lilly fall after Hims & Hers announce $49 copy of Wegovy pill
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Politics:

Trump disapproval on economy hits new high: Survey
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Trump wanted Dulles Airport, Penn Station named after him — in exchange for releasing federal funds
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Warren to call for reversal of Trump’s UAE chip sales after ‘Spy Sheikh’ revelations
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Trump posts racist midnight video depicting Barack and Michelle Obama as monkeys
(DBN)

Hillary Clinton wants testimony on Jeffrey Epstein in public: ‘Let’s stop the games’Jeffrey Epstein’s ghost is haunting the grand old men of capitalismJeffrey Epstein's ‘excessive bed linens’ and missing cellmate puzzle investigatorsWho entered Epstein's jail tier the night of his death? Newly released video logs appear to contradict official accountsCould the Epstein scandal topple U.K. Prime Minister Keir Starmer?UK’s Starmer didn’t know Jeffrey Epstein. But the prime minister’s job is under threatEpstein Bragged on Christmas about Spending Time With TrumpsAndrew appeared to reconnect with Epstein in bid to resolve Sarah Ferguson's debtsInside Jeffrey Epstein’s social Ponzi scheme
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Congress approves legislation to fully fund 9/11 health program
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Slotkin rejects Justice Department request for interview on Democrats’ video about ‘illegal orders’
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Trump's sidelined 'weaponization' czar keeps posting through it as lawyers sound alarm
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Intelligence director Tulsi Gabbard’s office obtained and tested voting machines in Puerto Rico
(DBN)

Trump admin's 'end around' for Georgia election scheme revealed in court filing
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Trump goes after ‘moron’ Massie at National Prayer Breakfast
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Republicans fear Trump backlash could cost them Senate control
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Inside the crisis at the Kennedy Centre
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To Win Back the House, Democrats Take the Fight to Deep-Red Areas
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"Needs to get the hell out": House Dems fume at Schumer
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Trump cuts funds for EVs, health in blue states
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Swalwell: Republicans ‘s--- talk’ Trump at congressional gym
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Rand Paul on Trump call to ‘nationalize’ elections: ‘That’s not what the Constitution says’
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GOP Rep. Barry Loudermilk becomes 29th House Republican to not seek reelection
(DBN)

Why young state lawmakers are weighing the exit
(DBN)

Polish prime minister chides US ambassador in Trump Nobel Peace Prize squabble
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U.S.-China power struggle thrusts Panama Canal back into the spotlight
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'Can you shut up?' Maxine Waters SNAPS at Scott Bessent at wild hearing... but the Treasury Secretary hits back
(DBN)

U.S. forces strike alleged drug boat in Pacific, second since Maduro's capture
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A Shocking Sex Scandal Rocks the Trad Right
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New York’s CEOs Are Gearing Up for a Battle With Mamdani
(DBN)

Muslims Move to Assert Political Power in NYC
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'There'll be drama': Republican split expected on bill that could freeze out some military voters
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Republican cashed in on Trump's Venezuela raid while publicly cheering it on
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Bad Bunny's All-American, All-Spanish, All-Eyes-on-Him Super Bowl
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Alexandria Ocasio-Cortez Steps Onto a Wider Stage
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Diamonds:

The Collapse Of Lugano Diamonds And How It Tarnished Compass Diversified
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Carpet:

Inside America’s carpet capital: an empire and its toxic legacy
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Food/Beverage:

Pizza Hut closing 250 US stores as parent company considers selling the brand
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Uncle Nearest in financial shambles, hasn't filed taxes in years: Receiver
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Celebs:

Michelin-starred chef Nick Stefanelli files for personal bankruptcy
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Retailing:

Future Considerations for Retailers Amid Saks Bankruptcy
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Landlord Simon Property expects to hike rents at former Saks Off 5th stores
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Saks Global names Cheryl Han chief marketing and digital officer
(DBN)

Beloved footwear brand closing all US stores
(DBN)

Country Willow files Chapter 7 liquidation
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Trucking:

Nashville-based Quickway Transportation, affiliates file for Chapter 11 bankruptcy
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Fitness:

Peloton CFO to depart amid slumping subscriptions
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  New Bankruptcy Opinions
(5 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 (2 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Epiq: January Commercial Chapter 11 Filings Increased 76% Over 2025
(DBN)

Bankruptcy filings continue to increase, says federal court administration
(DBN)

Healthcare Bankruptcies Ease, but Providers Still Feel the Squeeze
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Eddie Bauer and Pizza Hut lead a parade of retail and food chain closings
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Dismissal:

§ 1307(b) Voluntary Dismissal Is Not Immediate or Self-Executing: Bankruptcy Court May Decide Stay Relief First and Condition Dismissal
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Liens:

What’s In a Name? A $500,000.00 Secured Claim, According to the United States Bankruptcy Court for the Eastern District of Texas
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Arbitration:

Nikola Founder Loses 9th Cir. Appeal to Vacate Arbitration Award
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Avoidance Actions:

A FRIGID TALE: A Bankruptcy Court’s Recent Rejection of Defendant’s Ordinary Course of Business and Contemporaneous Exchange for New Value Preference Defenses
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Aviation:

2025 Aviation Bankruptcy Update
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India is reportedly ‘ready’ to buy up to $80 billion in Boeing aircraft following trade deal with U.S.
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Crypto:

Crypto Companies Face Bankruptcy Risk as Stocks Drop 95% from ATH
(DBN)

Bitcoin drops below $67,000 as sell-off intensifies and pessimism grows about crypto’s functionBitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow
(DBN)

Bitcoin crash wipes out 'Trump rally' as crypto investors fear 'bubble bursting'
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Pharma:

TrumpRx launch backfires as observers call out Trump's fuzzy math and buried 'fine print'
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Fundraising:

Oregon nonprofits lose $766,000 after fundraising company goes bankrupt
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Utilities:

Weeks after ice storm in northeast Mississippi, 25,000 still without power: "It's a lot worse than we thought"
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Nashville is furious about power outages. Republicans say ‘woke’ is to blame.
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Newspapers:

WaPo wipeout
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Firearms:

Major firearms distributor serving thousands of retailers across multiple countries files for bankruptcy
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Skiing:

Nearly 70 people rescued from New York ski mountain gondolas after malfunction
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Healthcare:

Renowned Houston surgeon allegedly faked records to block patients' liver transplants
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Education:

Girl accuses babysitter teaching her English of hitting her with spoon if she missed word
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Autos:

Volkswagen's retreat: the domino that toppled Northvolt
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U.S. Dealers In Full Panic Mode After Canada Green-Lights Chinese Cars
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Stellantis shares plunge 23% after automaker announces $26 billion hit from business overhaul
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UK:

Linklaters announces move to new global headquarters
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London’s Stephen Friedman Gallery Closes for Good Amid Insolvency Proceedings
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RollOnFriday's Best Law Firms to Work At 2026 - the results
(DBN)

What is SEND and why are councils struggling to pay for it?Schools face risk as council warns of bankruptcySomerset Council 'running out of time' to avoid bankruptcy
(DBN)

Burges Salmon is the happiest law firm in the UKBroadfield is the Golden Turd of 2026
(DBN)

Major UK clothing chain collapses - No refunds and online orders canceled
(DBN)

Retailer Quiz becomes latest firm to hit the wall with 109 jobs axed
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EU:

Dutch Queen Maxima joins army as a reservist, as "safety can no longer be taken for granted"
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A Wargame Shows Just How Vulnerable Europe Is to a Russian Attack
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Cuba:

Cuba signals openness to US talks as fuel begins to run out Cuba willing to talk to US, 'without pressure'Cubans rendered powerless as outages persist and tensions with US escalate
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Germany:

‘Culture of silence’: Germany’s Heraeus accused of ignoring fraud whistleblowers
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MENA:

Iran seizes 2 foreign oil tankers in Persian Gulf
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U.S. asks American citizens to ‘leave Iran now’ ahead of high-stakes talks with Tehran
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Private jet owned by Trump friend used by ICE to deport Palestinians to West Bank
(DBN)

Iran creates chilling AI video of huge missile strike targeting Israel
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Iran at Work on Missile and Nuke Sites, Satellite Images Show
(DBN)

A Second Wave of Popular Anger Is Building in Iran
(DBN)

Satellite pics reveal huge US military buildup near Iran as Trump ‘lays groundwork’ for attack after warning Ayatollah
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How Iran plans to go to war with the US – and win
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Russia:

Zelensky says 55,000 Ukrainian soldiers have died fighting invasion
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Next In Putin's Sights? Estonia Town Stuck Between Two Worlds
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Romania:

Bucharest Mayor Warns: Without €5.5B Funding, City Faces Bankruptcy
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India:

ED arrests insolvency Resolution Professional on money laundering chargeInsolvency case against Alchemist recalled after ED's intervention
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