Bankruptcy & Restructuring News & Analysis — Conductor
Spirit Airlines Seeks Approval for $140 Million Engine Settlement in Second Bankruptcy
Spirit Airlines seeks bankruptcy court approval for a $140 million settlement with International Aero Engines to resolve disputes over problematic GTF engines in its second Chapter 11 filing within a year.
First Brands Seeks Court Approval for Reconciliation Procedures After Uncovering Billions in Factoring Fraud
First Brands Group seeks court approval for procedures to reconcile billions in factoring arrangements that left $250 million frozen and customers confused about payment obligations
SilverRock Development Proposes Liquidation Plan Following $65 Million Sale of La Quinta Resort Project
SilverRock Development Company and five affiliates filed a Chapter 11 liquidation plan proposing a litigation trust to wind down operations and distribute proceeds to creditors following the $65 million sale of their La Quinta resort project.
Florida Beauty Supply Holding Company Files for Bankruptcy to Address Over 700 Talc Lawsuits
The Stephan Co. filed for Chapter 11 bankruptcy in Florida to address over 700 talc lawsuits through a Section 524(g) trust funded by an insurance settlement with Fireman's Fund Insurance Company.
Warner Bros. Seeks Emergency Stay to Block $18.5 Million Sale of Film Rights
The studio argues the decades-old financing agreements cannot be transferred without its consent under bankruptcy law, citing its role as "Production Lender" that fronts hundreds of millions in production costs