Spirit Airlines Files for Bankruptcy Amid Piling Debt and Years of Financial Losses after Merger With JetBlue Fails
Spirit Airlines announced on Monday that it has filed for bankruptcy protection as it works to restructure its operations amid ...
Tag: Bankruptcy
Zombie companies may finally succumb to bankruptcy on Bank of Japan hikes
AFTER three decades of ultra-loose monetary policy, even small hikes in interest rates by the Bank of Japan (BOJ) are ...
Judge approves Fisker bankruptcy plan favored by car owners
Fisker Inc. will wind down operations under a bankruptcy plan approved Friday that should allow car owners to drive their ...
J&J talc bankruptcy stays in Texas despite ‘forum-shopping’ opposition
A JOHNSON & Johnson (J&J) subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging its ...
Going for broke: Will Hin Leong’s creditors get their money back if OK Lim and his children declare bankruptcy?
EMBATTLED Hin Leong Trading founder Lim Oon Kuin – the former Singapore oil tycoon better known as OK Lim – ...
Terraform Labs approved for bankruptcy wind-down after US SEC settlement
TERRAFORM Labs received court approval on Thursday (Sep 19) to wind down its operations in bankruptcy after agreeing to settle ...
Tupperware files for bankruptcy as its colourful containers lose relevance
TUPPERWARE Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday (Sep 17), giving in to ...
Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings
US discount home goods retailer Big Lots said on Monday (Sep 9) it has secured US$707.5 million to support its ...
Former manufacturing giant SunPower files for bankruptcy
SUNPOWER has filed for bankruptcy in Delaware and plans to wind down operations, ending the decades-long run of the once-venerated ...
SVB bankruptcy plan approved, but US$2 billion FDIC fight lingers
A JUDGE approved SVB Financial Group’s restructuring deal but dealt the company a setback in its fight with federal regulators ...
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