July 16, 2026

The Daily Bankruptcy News

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Law:

Trump Turns On Capitulating Biglaw FirmsTrump Administration Subpoenas Law Firms, Escalating Pressure Campaign
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Weil Names Matt Barr Global Chair of Restructuring as Firm Invests in Next Chapter of Growth
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Another Rumored Biglaw Merger Falls Apart Before It Begins
(DBN)

WilmerHale Sued Over Client Personal Information Data Breach
(DBN)

Collateral Damage Across The Legal Industry
(DBN)

To AI-Proof Lawyers, Some Law Schools Restrict Technology
(DBN)

‘Extremely excessive’ research, fees alleged in ‘It Ends With Us’ litigation
(DBN)

The ‘Explosive Diarrhea’ Bug Was This SCOTUS Lawyer’s Most Unpleasant Argument Yet
(DBN)

Suspended Kentucky law professor seeks to block appointment of incoming deanKentucky Law Professor Sues To Stop New Dean And Every Federal Judge Already Recused
(DBN)

Has A Law School Had A Dean Facing Court Sanctions Before? Asking For THIS Law School.
(DBN)

Fake Tenn. lawyer sentenced to prison for scamming victims
(DBN)

How to use AI, but steer clear of hallucinated cases
(DBN)

AI Evidence Raises Challenges for New York Courts, Lawyers Say
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He sued the oil industry for $51B. Now he faces Republicans in a private grilling.
(DBN)

Iowa Supreme Court suspends license of lawyer accused of child sex abuse crimes in two states
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Trump Demands ICE Restart Traffic Stops Despite 2 Fatal Shootings in a Week: ‘It Won’t Happen on My Watch’ICE leadership caught by surprise by Trump's traffic stops comment Trump comes to defense of ICE agents after enforcement surge led to three deathsThese are the 17 Mexicans whose ICE-related deaths prompted Mexico to demand accountability
(DBN)

Trump reflecting pool lawyers just blew up their own case
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Goldman Sachs’ former top lawyer tells House Epstein was a ‘masterful liar’ who used her to bolster his standing
(DBN)

GOP Senator Grills Trump’s AG Nominee on $1.8 Billion ‘Anti-Weaponization’ Fund: ‘There’s So Much That’s Unusual About This’Cornyn 'uncommitted' on Blanche's nominationBlanche Agrees to Help Kill Weaponization Fund in Nomination BidBlanche Faces Crucial Hurdle After Rocky Hearing 'What happened to you?' Trump nominee's 'staggering' ethical lapses under fire at hearing Todd Blanche’s Former SDNY Colleagues Vouched For Him Last Year. They Won’t Make That Mistake Again. Blanche Tries to Assure Lawmakers He’s Not a ‘Yes Man’ for Trump Todd Blanche Calls Himself Trump’s Lawyer at AG Confirmation HearingBlanche flinches after explosive 'Trump's lawyer' slip-up during Senate skeweringBlanche says he is 'sorry that in about 1% of the documents mistakes were made' in the Epstein files releaseCoons presses Blanche on Trump's Jan. 6 pardons and commutationsDurbin accuses Blanche of 'corruption'
(DBN)

Gov. Greg Abbott says Texas Rangers will investigate Houston ICE shooting of Lorenzo Salgado AraujoCourt Filings Describe Ongoing Contact Between ICE and Iran on Deportations
(DBN)

E. Jean Carroll Mocks Alina Habba After Receiving $5.7m In Trump CaseE Jean Carroll's victory lap after finally receiving $5.6M payment in Trump sex abuse case
(DBN)

US government looks at joining Donald Trump lawsuit against BBC
(DBN)

Senators Grill Justice Dept. Officials on New York Times Subpoenas
(DBN)

Ex-Fed advisor gets over three years in prison for lying about China ties
(DBN)

Muslim man stabbed multiple times in Utah over his religion, police say
(DBN)

One of Charles Manson’s first followers just lost his bid for freedom
(DBN)

Real cat burglar steals kitten, tries to rob bank in Maryland, gets caught instead
(DBN)

Mom passes 2 hospitals while 8-year-old daughter is seizing and in need of help, cops say
(DBN)

Man shot neighbor in the stomach after victim interrupted his grilling with insults
(DBN)

Man killed neighbor who threatened to call 911 after having gun pulled on him: Police
(DBN)

Teens wrote hit list on Instagram before allegedly killing 5 of girl's family members
(DBN)

Woman stabbed her friend with scissors after he forbade her from having a beer: Police
(DBN)

Man shot Glock at car full of people because other driver backed out in front of him: Cops
(DBN)

Family of dead SF cyclist wants millions after he was car-doored by city worker
(DBN)

Maniac guns down his niece getting into her car on NYC street over home ownership spat: sources
(DBN)

Missouri teen shot dead in home as mom makes horrifying discovery; 3 friends charged
(DBN)

Man sick of unemployed girlfriend killed her after she refused to make him rice: Lawyer
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Judges:

Kagan tells lawmakers she didn't read disputed climate chapter she endorsed
(DBN)

Bankruptcy Experts Discuss Supreme Court’s Decision in Margolin v. National Association of Immigration Judges
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Senate Republican on Supreme Court security funding request: 'There's not a money fairy up here'
(DBN)

White House Rapidly Fires Seattle Judges’ US Attorney Pick
(DBN)

Judges blast lawyers for citing hallucinated cases, but ethics pros say rule changes not needed
(DBN)

Supreme Court justices respond to Trump's 'dangerous' rhetoric
(DBN)

Idaho skewers Trump DOJ's demands as losses in voter rolls cases stack up
(DBN)

Federal appeals court ends a decades-old school desegregation order in Louisiana
(DBN)

Second Judge Who Backed Trump in Pulitzer Case Heads to US Bench
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Wall Street:

S&P 500 futures edge lower as semiconductors fall
(DBN)

US Stocks Slip as AI Rally Faces Fresh Scrutiny
(DBN)

Blockbuster stock sales are threatening to overwhelm the bull market
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Wall Street expert says a massive stock market crash is coming
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Layoffs:

Chicago Public Schools lays off 760 teachers as officials look to close massive deficit
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Sprout Social to Cut 260
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Wells Fargo eyes more layoffs
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Fifth Third Bank to lay off more than 100 employees at Frisco office after $10.9B merger
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Education:

No accreditation and $74M in debt. Here’s what St. Augustine’s is selling now
(DBN)

An Ivy League professor suspected AI cheating, so he decided to fight back
(DBN)

Universities rethink homework and assessment as AI use rises
(DBN)

This Private School Had Students Scrub Floors and Attack a Fellow Classmate. The State Still Funds It.
(DBN)

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Food/Beverage:

Hardee's closures mount after franchise operator files for bankruptcy
(DBN)

Hardee’s Franchisee Bankruptcy Reveals a One-Third Revenue-Per-Store Gap
(DBN)

Hardee’s reopens 40+ locations after franchisee bankruptcy, converting to corporate ownership
(DBN)

A big dividend cut and a $2 billion charge: Conagra's results signal more pain ahead for food industry
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Trucking:

STG Logistics completes bankruptcy restructuring
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Marketing:

Filing Alert: Phoenix Innovate Chapter 11
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Agribusiness:

Plenty shrinks Chesterfield campus vision following Chapter 11 bankruptcy
(DBN)

They raised hogs on an 89-acre farm and couldn’t get out of debt. Then a data center made them a $22 million offer
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Autos:

Lucid fully recovers from the panic selloff tied to disputed bankruptcy reportLucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time. The Reports of Lucid's Death Have Been Greatly Exaggerated: CEOLucid’s bankruptcy rumor is a bad sign for the EV futureLucid's midsize SUV is nowhere in sight as stocks tumble and employees leaveLucid Group stock has crashed amid bankruptcy fears: Is it safe to buy the dip?
(DBN)

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Consumer Protection:

Outgoing Trump watchdog faces Democrat fire over handling of consumer agency
(DBN)

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Retailing:

West Marine’s Unsecured Creditors Face Near-Total Wipeout as Discovery Fight Heads Into August 11 Hearing
(DBN)

QVC Group Gets Bankruptcy Court's Approval for Restructuring PlanQVC Defeats Shareholder Challenge to $5 Billion Debt-Cutting Plan
(DBN)

Longtime ’90s mall staple plans on closing 15 stores this year as the retail apocalypse rages on
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Private Credit:

Ken Kencel on Private Credit’s Second Act
(DBN)

The rating reforms needed to tackle private credit’s vulnerabilities
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Daylight Savings Time:

Permanent daylight-saving time would be a win for tourism, but other sectors have big concerns
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Economy:

Economic activity on the rise and inflation may be improving, Fed survey shows
(DBN)

Trump hit with grim reality check on Americans’ payYour paycheck is just barely keeping up with inflationPaychecks are rising faster than prices for a change - but when will consumers feel the relief?
(DBN)

Food banks, affordable-housing providers scramble as inflation hammers low-income Americans
(DBN)

NFIB small business optimism rises in June 2026, inflation concerns climb
(DBN)

Tripling US union membership would shift $1.2tn to workers annually – report
(DBN)

Warsh: AI spending may lift prices without fueling lasting inflation
(DBN)

Fed Chairman Warsh faces an inflation credibility test after Congress hearings
(DBN)

Elizabeth Warren blasts Kevin Warsh, saying he 'seems to invite corruption'
(DBN)

Fed's Kevin Warsh issues stark warning on 2008-style bailouts
(DBN)

World Cup gave bars and restaurants a needed boost as consumers flash warning signs, Fed says
(DBN)

Warsh won’t say if he’s spoken with Trump since taking the Fed’s helmFed Chairman Warsh says he meets ‘often’ with Trump administration, defends independence
(DBN)

Fed's Cook says she is prepared to act soon if inflation does not begin to slow
(DBN)

Wholesale inflation posts first drop in almost a year as gas prices decline
(DBN)

Citi: Midyear 2026 Outlook - Resilience, AI, and Evolving Market Dynamics
(DBN)

The 0.00001%: A tiny elite now captures 12% of total US income - report
(DBN)

US labor market continues to be ‘low hire, low fire’
(DBN)

Jamie Dimon understands why people are anti-rich: ‘We have, in fact, left the lower-income folks behind’ and ‘that’s kind of annoying’
(DBN)

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution
(DBN)

Boomers' $93 trillion inheritance shrinks to $36 trillion before it reaches heirs
(DBN)

This isn't a plan to save Social Security. It's a plan to have a plan.
(DBN)

Shutdown fears rise as Trump, Democrats gird for September showdown
(DBN)

Remote startup job openings hit record levels in July
(DBN)

Fox host fumes over ranking of worst states to live in
(DBN)

Trump administration slaps 25% tariff on Brazil as bilateral ties deteriorate
(DBN)

Study: Texas residents face more financial stress than those of almost any other state
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US Debt Clock
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World Debt Clock
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Real Estate:

These are the toughest places in America to sell a home right now
(DBN)

Did Biden’s Immigration Surge Push Up Home Prices? What the Data Says
(DBN)

Seattle residents say they are in 'survival mode,' selling homes as high prices squeeze middle class
(DBN)

Private equity’s housing gold rush faces regulatory reckoning
(DBN)

Manhattan luxury real estate market plummets after Mamdani pied-à-terre tax goes into effect
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Oil/Gas:

America's oil refiners could more than triple profits as Iran war sparks massive boom
(DBN)

Brace for $4 gas again: How U.S.-Iran tensions are threatening to end the price break at the pump
(DBN)

Mystery Freedom Fuel stations that sold discounted gasoline tied to NFL coach and commodities trader
(DBN)

Oil traders warn market is close to running on empty as Hormuz shuts again
(DBN)

Renewed Hormuz tensions raise chances of a pricey winter
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Politics:

Tracking approval and key issuesPoll: President 36% ApprovalTrump's approval rating hovering near record lows, latest poll shows
(DBN)

'This is insane!' Eyes widen over teased Trump stunt during upcoming national address
(DBN)

US Mint to begin producing $1 coins featuring Trump
(DBN)

FCC Officials Took Pricey Gifts From Paramount as the Company Needed Approval for Billion-Dollar Deals
(DBN)

Senator Mark Kelly Amasses Nearly $25 Million Campaign War Chest
(DBN)

Mitch McConnell absence sparks push to change Congress rules
(DBN)

House Republicans push for $95B for Iran war, election measures and farm aid
(DBN)

Opportunities Narrow for Women as Hegseth Blocks More Promotions
(DBN)

Hegseth Announces New Required Pentagon Testosterone Tests
(DBN)

This California Town Voted Its Council Out of Office. They’re Refusing to Leave.
(DBN)

Nominee for top intel post faces lawmakers eager to see him replace the current leaderTrump’s pick for spy chief: ‘I’m not an election denier’
(DBN)

The military benefits bill that’s tearing the veterans community apart
(DBN)

Pete Hegseth’s furious vow to ‘identify and prosecute leakers’ backfires spectacularly
(DBN)

Marco Rubio Burned Down the House to Fix a Sink
(DBN)

George Will delivers blistering rebuke of Trump’s most 'unstable' loyalist
(DBN)

Young people don’t want to run for office because they fear being killed
(DBN)

What Wisconsin socialists tell us about the Democratic fightback
(DBN)

Republican Ads Take Aim at Mamdani to Attract Jewish Voters
(DBN)

More than half of House Democrats vote to cut Israel aid in growing split
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Summer Camps:

Camp Mystic moves flood lawsuit to federal court, citing bankruptcyCamp Mystic owners move six-family lawsuit to federal court, plan to consolidate all cases in Houston
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Electricity:

Data Centers to Add Billions in Power Costs in 13 States
(DBN)

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Fraud:

Frisco businessmen ordered to pay $400 million in damages for fraud scheme
(DBN)

$100 million New Jersey deli fraud defendant Patten wants no prison time despite past conviction
(DBN)

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Crypto:

SEC Crypto Pivot Gives Bankrupt Bittrex Opening to Undo Judgment
(DBN)

US government moves Shiba Inu related to major bankruptcy case
(DBN)

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Debt Collection:

Debt Collection Complaints Double At FTC As Consumers Face More Aggressive Calls
(DBN)

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Telecom:

Patrick Drahi’s Altice International accused of defaulting on €2bn of debt
(DBN)

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Pensions:

IBM employees losing $400 million on the company's stock should be a wake-up call
(DBN)

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Consumer Finance:

BNPL Debt Surge Can Complicate Bankruptcy Filings
(DBN)

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Celebs:

Judge rules on evidence in bankruptcy case of Deion Sanders' son ShiloWhy Is Shilo Sanders in Bankruptcy? Judge's Latest Evidence Ruling Explained
(DBN)

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Apparel:

Tailored Brands IPO: Is tailoring investable again after bankruptcy?
(DBN)

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Firearms:

Ghost gun dealer made millions off N.J. buyers, then tried to bankrupt his way out, state says
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Horse Racing:

108-Acre Hawthorne Race Course Set To Trade In Bankruptcy SaleHawthorne Race Course faces possible closure after bankruptcy sale goes to bidder for real estate onlyHawthorne Race Course faces possible closure after bankruptcy sale goes to bidder for real estate only
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Religion:

Vatican sent children born out of wedlock to America as orphans for adoption without parents' consent
(DBN)

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Solar:

California Solar Exit Reports Rise in Solar Cancellation Requests Following Freedom Forever Bankruptcy Filing
(DBN)

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Student Debt:

Public Service Loan Forgiveness has new rules — 3 changes borrowers should know about
(DBN)

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  New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

372 large US bankruptcies get unexpected credit market response
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Bankruptcy Reform:

Whitehouse and Cohen Introduce Bill to Provide Relief to Americans Facing Medical Bankruptcy
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Cross-Border:

Restructuring Plans: An emerging alternative to Chapter 11 for US companies?
(DBN)

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Interest:

Insolvency Alone Won’t Save You: Judge Bentley Enforces a 16% Default Rate Under § 506(b) — and Hints at a Heightened Standard When Only Insiders Stand to Gain
(DBN)

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Aviation:

Delta Air Lines CEO issues stark warning for low-cost rivals
(DBN)

Iran war leaves crisis-weary European airlines ready for a shakeout
(DBN)

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Climate:

The rate at which Earth is absorbing energy is alarming climate scientists
(DBN)

Texas is drenched by heavy rains as more storms could bring catastrophic flooding
(DBN)

As fire season looms, tech startups come calling in DC
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Motorcycles:

Harley-Davidson, the motorcycle that defined America, fights for survival
(DBN)

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Media:

Texas Supreme Court to Review Infowars’ Licensing Dispute Amidst Sandy Hook Legal Challenges
(DBN)

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Healthcare:

Bankrupt California hospital’s services intact, but require monitoring: Report
(DBN)

Oroville Hospital’s services unaffected by bankruptcy
(DBN)

HCA now expects up to $1.2B hit from ACA headwinds
(DBN)

As rural hospitals close ORs, surgical care deserts are expanding too
(DBN)

Fraud investigations are crumbling this state’s Medicaid system
(DBN)

Why so many doctors are walking away before age 50
(DBN)

France approves assisted dying law
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Tires:

Another tire retailer files for bankruptcy as financial pressure continues across the auto service industry
(DBN)

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Sports:

Man is fired after Chelsea Gray posts racist message he allegedly sent her
(DBN)

Former Portuguese champions Boavista to cease operations after failing to pay creditors
(DBN)

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Entertainment:

Inside the states' case to block the Paramount-Warner Bros. merger: 'Each side is taking risks'
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Tech:

SpaceX sell-off wipes $800bn from Elon Musk’s rocket groupSpaceX bond yields rocket towards junk
(DBN)

AI backlash builds in Trump's Mar-a-Lago backyard
(DBN)

'I wouldn't call it panic': Industry quails at Hochul's data center pause
(DBN)

GOP governors, utilities join Trump data center pledge
(DBN)

Why IBM just suffered its worst stock crash of all time—and what it says about the market’s two bubbles
(DBN)

Employees are doing the work. AI is getting the credit.
(DBN)

Jamie Dimon says broad access to Mythos would be like giving 'ballistic missiles to individuals'
(DBN)

Apple goes to war with the British designer of the iPhone
(DBN)

Energy IPOs surge as investors hunt for ways to play AI boom
(DBN)

The AI robots won’t strike, so Hyundai’s workers did it first
(DBN)

'Like my lover': Chinese users bid farewell to AI companionsChina introduces rules to rein in AI companion bots amid emotional dependency concerns
(DBN)

SpaceX stock sinks below $135 IPO price for the first time
(DBN)

ChatGPT is deleting people’s files without asking them, users say
(DBN)

Gen Z electricians earn $280K amid AI data center boom
(DBN)

Bill Gates just added a fourth job to his list of AI-proof careers
(DBN)

Profession believed to be protected from AI may actually be the first one to become obsolete because of it
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UK:

Consultation launched for Insolvency Rules reviewSecond Review of the UK Insolvency Rules: Evolution Rather Than Revolution?
(DBN)

Thames Water boss seeks urgent clarity from new PM as funding set to dry up
(DBN)

Late Payments Fall To Lowest Level On Record As Landmark Bill Looms
(DBN)

Burnham does not rule out wealth tax
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Canada:

Routine CCAA wind-up becomes costly legal battle
(DBN)

Canada, U.S. contradict each other on financial terms of Gordie Howe Bridge deal
(DBN)

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China:

China aggressively patrols disputed waters. Now the US Coast Guard is moving in.
(DBN)

Views of the U.S. have worsened while opinions of China have improved in many surveyed countriesViews of China and Xi Are Improving Globally
(DBN)

‘Bad inflation’ ends China’s record streak of price declines
(DBN)

Is China’s economic slowdown here to stay?
(DBN)

Is the Chinese Economy in Trouble?
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Russia:

In Russia, three more major retailers are on the verge of bankruptcy
(DBN)

Ukraine naval drone sinks Russian patrol ship near Putin’s compound
(DBN)

Russian Fuel Prices Soar as Drone Attacks Curb Refinery Output
(DBN)

Russia says foreign troops sent to Ukraine after a peace deal would be legitimate targets
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Hong Kong:

Derivative actions and liquidation: Court of Appeal confirms proper route is through insolvency regime
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MENA:

Israel’s latest strikes kill a dozen people in Gaza including police officers
(DBN)

With death of Lindsey Graham, Israel loses key backer as its isolation deepens
(DBN)

The Vague Clause That Helps Explain the Fight Over HormuzNo end in sight for new Iran warDonald Trump’s blind alley Oil, Shipping, Flights: Disruptions Are Back as U.S.-Iran War ReignitesWhy Trump Threat To Hit Bridges, Power Plants May Be Considered a War CrimeThe Trump team’s worst predictions about the Iran warIran appears to be preparing a major test of America’s blockadeU.S. and Iran Trade Strikes With No Sign of Backing DownUS will not win Iran war from the air, Donald Trump’s ex-defense chief warnsUS hits tanker heading for Kharg Island under renewed Iran blockadeIran warns U.S. of Hormuz ‘red line,’ says it will retaliate to Trump’s strike threatsVote on US aid to Israel set to lay bare divide in Democratic Party Krugman: The Forever War Gets Scary
(DBN)

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Mexico:

A U.S.-Mexico Impasse Will Test How Far the Trump Administration Will Go to Fight Drug Trade
(DBN)

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Singapore:

Singapore: Restructuring & Insolvency
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France:

France: Restructuring & Insolvency – Country Comparative Guides 2026
(DBN)

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India:

IBBI mulls splitting resolution professionals’ role to simplify large insolvency cases
(DBN)

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Cuba:

Rocked by string of blackouts, Cubans’ ability to endure reaches a limit
(DBN)

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South Korea:

MBK chairman offers guarantee for emergency funding to revive HomeplusMBK Partners guarantees 200 billion won, unlocking Meritz loan for Homeplus Homeplus secures 200 billion won lifeline, but challenges persistHomeplus's 200 billion won fund faces debt challenges
(DBN)

South Korea stocks slump after first rate rise in 3 years
(DBN)

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Brazil:

Rio Power Utility Light Nears Judicial Recovery Exit After $296 Million Capital Raise
(DBN)

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