The agreement is a signal the beleaguered carrier is preparing to emerge from its second Chapter 11 process in the past 15 months.

Spirit Airlines is hoping to clear some major turbulence and emerge from its second bankruptcy in less than 18 months. The budget airline's plan to exit bankruptcy in late spring or early summer was announced in a news release on Tuesday,

Bankruptcy can offer a fresh financial start, but there are complex rules on how often you can file for relief.

​Turner Development, LLC, a real estate development company based in the Washington, D.C., metro area, seeks bankruptcy protection.​

Our running list of companies that filed for bankruptcy in 2026 is a stark reminder of how fragile businesses are these days.

Bankruptcy is certainly not an ideal outcome for any real estate loan. If a project's in trouble, though, bankruptcy has its benefits, even for lenders. Real estate and other lenders know they should dread bankruptcy. If a borrower files bankruptcy, loan ...

(Reuters) -First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker advances its Chapter 11 bankruptcy process. The Ohio-based ...

Capital contests Fat’s plan to use management fees and other cash under securitization receivables to fund operations during Chapter 11 proceedings.

Wolfspeed faces major bankruptcy risk and heavy cash burn with no near-term profitability. The company’s core technology has value, but survival now depends on restructuring success. Market expectations are already very low, so the risk of further ...