Bankruptcy & Restructuring News & Analysis

Regional carrier Silver Airways has filed an emergency motion seeking court approval for a $5.775 million stalking horse bid from its DIP lender KIA II LLC as part of an expedited sale process. The airline, which filed for Chapter 11 protection in December 2024, is looking to preserve its going concern value through a sale that could close by June 2025 if the proposed bidding procedures are approved

Prospect Medical Holdings secures court approval for $3.9M employee retention plan as it navigates Chapter 11 bankruptcy, closing Pennsylvania hospitals and selling facilities in California and Connecticut. A separate $3.5M executive incentive plan is pending approval, with both plans largely offset by payments from a related non-bankruptcy transaction