AMERICAS DISTRESS DAILY: Spirit Air Nears Chapter 11 Bankruptcy
17 hours ago · Spirit Airlines Inc. is closing in on a deal with creditors that would restructure its crushing debt load in bankruptcy court after discussions for a tie-up with rival Frontier Group Holdings Inc. fell apart. Spirit said in a filing late Tuesday that it’s in advanced talks with a super majority of its secured noteholders to hammer out a ...
Car Financing Firm Vroom Files for Chapter 11 in Texas - Bloomberg Law News
1 day ago · Automotive financing provider Vroom, Inc., which entered a restructuring support agreement with creditors and its largest stockholder, has filed for bankruptcy. Vroom filed for Chapter 11 in the Southern District of Texas court. It listed assets of $43.8 million against total debt of $304.6 million in its petition.
TGI Fridays has filed for Chapter 11 bankruptcy. Here’s the …
2 days ago · Mon, Nov 11, 2024, 6:56 AM 1 min read Casual dining chain TGI Fridays filed for Chapter 11 bankruptcy Nov. 2, citing the COVID-19 pandemic as one of the drivers behind its financial challenges.
TGI Fridays files for bankruptcy | CNN Business
Nov 2, 2024 · TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday. The company said in a statement that fallout from the Covid-19 pandemic was the “primary ...
Prison Health Care Provider Wellpath Files For Chapter 11 Bankruptcy
1 day ago · The H.I.G. Capital-backed firm, which filed for Chapter 11 in the US Bankruptcy Court for the Southern District of Texas, listed assets and liabilities between $1 billion to $10 billion each. In a separate statement, Wellpath said it has secured a $522 million debtor-in-possession financing facility from some lenders and plans to sell some ...
TGI Fridays operator files for Chapter 11 bankruptcy amid ... - NBC News
Nov 2, 2024 · By Reuters. TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a ...
‘The party is over’ as Tupperware files for bankruptcy after ... - CNN
Sep 18, 2024 · Chapter 11 bankruptcy is a common route. Tupperware shares have plummeted 74.5% this year and last traded at just 51 cents. This story has been updated with additional information.
Chapter 11 Bankruptcy: What You Need To Know - Forbes
Feb 18, 2022 · If your business is behind on its bills, struggling with too much debt and besieged by creditors, you may be able to catch a break with Chapter 11 bankruptcy and get back on track.
ANALYSIS: Six Trends in the Latest Chapter 11 Wave - Bloomberg Law News
Jun 26, 2023 · Chapter 11 filings are up, promising steady work for bankruptcy and restructuring attorneys for quite a while. I’ve taken a look at Chapter 11 bankruptcy cases that have been filed since the beginning of the year, and have identified six trends that make this latest wave unique.
IT company ConvergeOne files for bankruptcy to slash $1.6 bln in …
Apr 4, 2024 · Information technology service provider ConvergeOne filed for Chapter 11 bankruptcy protection in Texas on Thursday, saying that it has a deal in place to slash $1.6 billion in debt and turn...