Bankruptcy & Restructuring News & Analysis — Conductor

A federal district court vacated a bankruptcy court order extending the automatic stay to non-debtor defendants in the Genesis Healthcare Chapter 11 case, finding the Bankruptcy Court failed to conduct a required adversary proceeding and misapplied the preliminary injunction standard under controlling Fifth Circuit precedent

Spirit Aviation Holdings filed an emergency motion on May 4, 2026, seeking court authority to sell or abandon its remaining 28 owned aircraft, 18 spare engines, and related spare parts under a tiered procedure framework, following the airline's complete cessation of passenger operations on May 2, 2026, driven by a fuel-price-triggered liquidity deterioration that rendered its previously filed reorganization plan unviable

A leading fresh food production, manufacturing, and fulfillment platform enters bankruptcy in the District of New Jersey backed by a $63 million DIP facility, a Blue Apron settlement worth approximately $62–$65 million in aggregate value, and an Asset Purchase Agreement with Misfits Market for the Blue Apron fulfillment business

A residential mortgage enterprise — once structured as a REIT, now operating with 18 employees and approximately $130,000 in cash — has commenced a prepackaged Chapter 11 in which the preservation of net operating loss carryforwards is identified as the central strategic imperative of the transaction

A SaaS commercial-intelligence platform enters Chapter 11 in the Northern District of Texas with a stalking horse from its prepetition secured lender and a sale process targeted to close by June 30, 2026.