Spirit Airlines emerges from bankruptcy after eliminating $795M in debt: Spirit Airlines has officially emerged from bankruptcy with a major financial overhaul
CRE Loan Delinquencies Hit Highest Percentage In 10 Years: Commercial real estate loan delinquencies reached a 10-year high at the end of 2024, and they could continue to grow in the year ahead, according to new Federal Reserve data
Mallinckrodt Pharma, Endo Reach Deal for $6.7 Billion Merger: Mallinckrodt Pharmaceuticals and Endo Inc. plan to merge and create a $6.7 billion company.
Private-Credit Firms Expand Restructuring Teams Amid Bankruptcy Surge: Lenders are shelling out up to $1.5 million for mid- and senior-level restructuring professionals following a rise in out-of-court restructurings and bankruptcies
Spirit Airlines CEO says carrier can take on the new Southwest: “I think it’s going to be painful for a little bit as they find their footing, and we’re going to take advantage of that,” Spirit’s Christie said in an interview Thursday.
Lessons Learned From SAS' Flight Through Chapter 11 - Law360: Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.
Fossil leans on layoffs, more store closures to cut costs : Over the holiday quarter Fossil Group stemmed losses, even as Q4 net sales plunged nearly 19% year over year to $342.3 million, with sales declines in all regions and channels
Winding Down A 97 Year Old Bankruptcy Case (In re Yellow Poplar Lumber) – MEDIATBANKRY: This has got to be one of the longest-running bankruptcy cases . . . ever. It was filed on July 17, 1928, and it is being wound-down now. A recent Bankruptcy Court Order in that case (entered January 22, 2025) addresses the question of whether $422,857.12 of unclaimed funds should escheat to the U.S. Government or to various states.
Wine Businesses Fear Disaster in Threat of Huge Tariffs - The New York Times: The American wine industry is already experiencing difficulties. Sales are down. wineries are closing, public-health advocates have suggested that any consumption of alcohol is unhealthy, and climate change has caused catastrophic fires, spring frosts and droughts.
