May 07, 2026
A BlockFills creditor wants a Chapter 11 trustee to take over the crypto group's bankruptcy, Saks has asked for more time to accept or reject leases, and the creditors committee for healthcare group Carbon Health Technologies says its latest bankruptcy funding loan is too high.
April 23, 2026
Avenger Flight Group, an insolvent flight training provider, said Thursday that it has reached an agreement in principle with bankrupt carrier Spirit Airlines that would both settle past claims and continue training for Spirit pilots.
April 03, 2026
In the week ahead, bankruptcy courts will consider whether to dismiss a clawback suit from the estate of bankrupt crypto exchange FTX, label maker Multi-Color's bid to disband the official committee of unsecured creditors in its case, the sale of Avenger Flight Group to its stalking horse bidder, and the contested disclosure statement from urgent care facility operator Carbon Health Technologies Inc.
March 16, 2026
A New York bankruptcy judge approved arrests in Eletson Holdings' Chapter 11 case, another said Spirit Airlines can auction 20 aircraft with a $533 million stalking horse bid, and a judge in California ordered parties to go forward with competing plans in the Oakland diocese's insolvency proceeding.
March 11, 2026
Avenger Flight Group, an insolvent flight training provider, told a Delaware bankruptcy judge Wednesday it has reached a global settlement with creditors that will allow the debtor to complete an asset sale, secure the full amount of its bankruptcy financing and file a Chapter 11 plan of liquidation.
February 26, 2026
The Chapter 11 trustee in Ho Wan Kwok's bankruptcy case asked a judge to find Kwok's daughter in contempt, the U.S. trustee balked at a $2 million bid protection in a flight simulator company's bankruptcy, and a Texas bankruptcy judge stepped back from reconsidering a settlement in Highland Capital's Chapter 11 case.
February 24, 2026
Flight simulator operator Avenger Flight Group is being led through Chapter 11 by a team of attorneys from Pachulski Stang Ziehl & Jones LLP.
February 18, 2026
A Colorado theme park that is facing a wrongful death judgment, a Florida-based flight simulator company and a Pennsylvania cookie shop chain were among the latest new debtors to seek Chapter 11 relief.
February 13, 2026
Avenger Flight Group can access $8 million in new money debtor-in-possession funds, a Delaware bankruptcy judge ruled Friday, as the flight simulator operator charts a course to hold a going concern sale in Chapter 11.
February 12, 2026
Florida-based flight simulator company Avenger Flight Group has filed for Chapter 11 protection in Delaware bankruptcy court, saying airline industry headwinds have left it seeking a sale to deal with more than $273 million in debt.