Spirit's New Ch. 11 Plan Cuts $5B Debt, Aims For June Takeoff
Bankrupt air carrier Spirit Airlines has reached a deal with its debtor-in-possession lenders and proposed a Chapter 11 plan to slash over $5 billion in debt and liabilities, saying it's aiming to confirm the plan by mid-June.
Judges OK Eletson Arrests, $533M Spirit Base Bid
A New York bankruptcy judge approved arrests in Eletson Holdings' Chapter 11 case, another said Spirit Airlines can auction 20 aircraft with a $533 million stalking horse bid, and a judge in California ordered parties to go forward with competing plans in the Oakland diocese's insolvency proceeding.
Meet The Attys Guiding El Paso Diocese Through Ch. 11
A team of Husch Blackwell LLP attorneys will be guiding the Catholic Diocese of El Paso through Chapter 11 as it seeks a central forum to handle 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
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Nuclear energy producers including Constellation Energy, DTE Energy, Duke Energy and NextEra Energy have urged the Maryland federal court to toss a proposed class action alleging they conspired to fix wages in... (more story)
Crypto company BlockFills hit Chapter 11 after a sell-off, the developer of a Bronx housing project filed for bankruptcy to stop a foreclosure sale and a nonprofit live performance venue in Philadelphia initia... (more story)
The LYCRA Company LLC filed for Chapter 11 bankruptcy protection in Texas on Tuesday, saying it intends to cut $1.2 billion from its balance sheet.
The Trump administration on Monday asked a Massachusetts federal judge to toss a pair of lawsuits challenging a change to eligibility requirements for student loan forgiveness, calling the potential repercussi... (more story)
A New Jersey bankruptcy judge on Monday denied motions that sought to transfer the Chapter 11 case of label-maker Multi-Color Corp. to another court, saying a "loophole" in the venue statute created by Congres... (more story)
Former executives of pharmaceutical company Lannett Inc. and a class of investors have asked a Pennsylvania federal court to grant final approval to their $5.8 million deal to end claims the company and its le... (more story)
Greenberg Traurig LLP and Reed Smith LLP have each urged a New York federal court to deny discovery requests by Levona Holdings as the company pursues sanctions against the firms following the court's vacatur ... (more story)
Luxury retailer Saks Global announced Monday its senior secured bondholders approved its bid to access another $300 million in financing for its Chapter 11 case after seeing the company's postbankruptcy business plan.
A New Jersey bankruptcy judge Monday gave the operator of Eddie Bauer's retail outlets permission to send its Chapter 11 plan out for a creditor vote after unsecured creditors dropped their opposition.
A Texas bankruptcy judge on Monday approved two sales of the assets of wind turbine blade maker TPI Composites Inc., resolving a default from its debtor-in-possession lender as it moves toward approval of a Ch... (more story)
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Baker & Taylor, a 198-year-old book distributor, sought bankruptcy protection in New Jersey with at least $100 million in liabilities after the COVID-19 pandemic, litigation and a loan default forced it to shu... (more story)
A Delaware bankruptcy judge agreed Monday to let furniture retailer American Signature set the end of April as the deadline for claims in its Chapter 11 case, overruling an objection from the U.S. Trustee's Of... (more story)
The developer of a 900-unit housing project in the Bronx that was awarded a $55 million state grant in October has filed for bankruptcy to stop a foreclosure sale, blaming what it called "treachery" in the tra... (more story)
The owner of a mixed-use building in Manhattan's SoHo neighborhood has filed for Chapter 11 bankruptcy with more than $30.6 million in liabilities, according to a petition filed in New York bankruptcy court.
The U.S. Trustee's Office has appointed an official unsecured creditors committee in a Chicago-area horse track's Chapter 11 case, selecting three horse racing industry creditors.
Cryptocurrency company BlockFills has filed for Chapter 11 protection in Delaware bankruptcy court with up to $500 million in debt weeks after pausing customer withdrawals amid a selloff in crypto markets.
A state law that stripped a Pennsylvania city of its ability to appoint all the members of its water authority's board was unconstitutional, the bankrupt city of Chester said in a Pennsylvania Commonwealth Cou... (more story)
A California bankruptcy judge said Friday that he wants competing Chapter 11 plans to proceed in parallel in the case of the Roman Catholic Diocese of Oakland, telling the debtor and the creditors committee th... (more story)
World Cafe Live, a nonprofit live performance venue in Philadelphia, got a Pennsylvania bankruptcy judge's permission Friday to fund its Chapter 11 proceeding for two weeks after it filed for bankruptcy protec... (more story)
The owner of two Chicago hotels can access its senior lender's cash collateral to fund its Chapter 11 case, a Delaware bankruptcy judge said Friday, while a decision on BY Hotel SPE-3 LLC's proposed $1 million... (more story)