July 16, 2026
The U.S. Trustee's Office obtained permission to put a watchdog in place in Spirit Airlines' bankruptcy, TGI Fridays pitched a $220,000 settlement in its bankruptcy, a medical spa management company asked to move into liquidation, and a Dallas hospital sought a speedy hearing on its plan disclosure.
July 06, 2026
Dish Network filed for Chapter 11 with $14 billion in debt after a delayed asset sale disrupted debt repayment, Spirit Airlines advanced a $630 million stalking horse bid for 27 aircraft, while Puerto Rico's oversight board proposed a $3 billion bankruptcy settlement. A Texas judge approved the $40 million sale of a Texas A&M-affiliated data center and allowed Camp Mystic to pay employee wages.
July 02, 2026
Defunct budget air carrier Spirit Airlines asked a New York bankruptcy judge to approve Chapter 11 auction procedures for 27 aircraft, with a $630 million stalking horse bid from a secured creditor setting the floor.
June 10, 2026
A New York bankruptcy judge on Wednesday said he was likely to approve Spirit Airlines' request to pay three executives up to roughly $1.9 million in potential bonuses as Spirit works to sell its remaining assets and shutter the business.
June 05, 2026
A pair of unions representing former Spirit Airlines employees Friday tore into the bankrupt airline's request to pay executives incentives to keep them on while the carrier winds down its operations, saying there is "no conscionable basis" to prioritize the highest-paid executives at the expense of the thousands of workers who lost their jobs.
June 01, 2026
A Delaware bankruptcy court approved home lending broker Impac Mortgage Holdings Inc.'s Chapter 11 plan, Canadian furniture company Bestar Inc. got Chapter 15 recognition and a Texas judge refused First Brands' bankruptcy plan disclosure.
May 28, 2026
Spirit Airlines has asked a New York bankruptcy judge to approve an incentive program aimed at keeping its CEO, general counsel and vice president of special projects employed while the carrier winds down.
May 27, 2026
Spirit Airlines received approval Wednesday for $275 million in Chapter 11 financing that aims to simplify the previously approved sale of 20 aircraft to a stalking horse buyer as it seeks to preserve assets during its wind-down.
May 27, 2026
With its sudden shutdown earlier this month, Spirit Airlines joined the likes of Pan Am, TWA and Eastern Airlines that have failed to restructure in Chapter 11, a process experts say is notoriously difficult for an industry with expensive assets, complex financing arrangements and a maze of complicated federal regulations.
May 22, 2026
First Brands will seek approval of its plan disclosure statement, Spirit Airlines will make a bid for postpetition financing, Bestar Inc. will seek recognition of its foreign insolvency as its primary bankruptcy proceeding, and Carbon Health will take its plan before a Texas judge for confirmation.