Debt forgiveness vs. Chapter 11 bankruptcy: How to choose the best option
W hen you're facing increasing amounts of debt without a way to pay it off, the path forward isn't always clear. As a result, ...
JD Supra19h
What Are Some Alternatives to Chapter 11 and How Do They Affect Creditors? - Creditor’s Rights Toolkit
There are many reasons why a company might be experiencing financial distress, including overwhelming debt, cash flow problems, substantial ...
AeroTime1d
Spirit Airlines to exit Chapter 11 ‘within weeks’ as court backs recovery plan
Spirit Airlines says it expects to emerge from Chapter 11 reorganization bankruptcy “within weeks” after a US court approved its recovery plan.
Spirit Airlines to exit Chapter 11 bankruptcy with deep-pocketed buyers
Spirit Airlines is on track to emerge from Chapter 11 bankruptcy thanks to the private takeover of multibillion-dollar bondholders like Ken Griffin's Citadel Advisors.
Skift1d
Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy
A U.S. bankruptcy judge approved Spirit Airlines' restructuring plan to emerge from Chapter 11 bankruptcy as a private ...
Spirit Airlines' bankruptcy plan approved, gives major lenders control
Spirit Airlines’ (OTC:SAVEQ) plan to exit bankruptcy through a debt restructuring deal has been approved by a bankruptcy court that will transfer ownership of the beleaguered carrier to its majority ...