March 02, 2026
Solar panel co. PosiGen was given the green light to wind down, fiber network Tilson's Chapter 11 case was dismissed, and Mallinckrodt's bankruptcy prevented antitrust payouts.
February 24, 2026
Bankrupt budget airline Spirit Aviation Holdings announced Tuesday that it has reached an agreement with its secured creditors for a restructuring plan that will allow the company to emerge from Chapter 11 by summer with a streamlined aircraft fleet and improved flight offerings.
January 28, 2026
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
December 22, 2025
A New York federal grand jury indicted former executives of Tricolor Holdings on fraud charges, while Spirit Airlines lined up an additional $100 million in financing. Akoustis Technologies won court approval to carry out its Chapter 11 liquidation plan, and the Roman Catholic Diocese of Oakland, California, and abuse claimants agreed to continue talks toward a reorganization plan.
December 15, 2025
Spirit Airlines will be able to tap into an additional $100 million of post-bankruptcy financing, it said Monday, the same day that an examiner found no evidence of bad faith in the budget airline's back-to-back Chapter 11 filings.
December 08, 2025
A New York bankruptcy judge on Monday said he will approve a move by Spirit Airlines to transfer two of its four preferential gate assignments at Chicago's O'Hare International Airport to American Airlines for $30 million.
December 04, 2025
Spirit Airlines says it has reached a $140 million agreement with International Aero Engines related to engines that had grounded some of the budget airline's fleet.
November 25, 2025
Spirit Aviation Holdings has asked a New York bankruptcy court for an extension of its exclusive rights to file and solicit votes on a Chapter 11 plan, saying it has already made significant progress in the proceedings but needs more time to continue negotiations with creditors.
November 03, 2025
A judge agreed to switch the bankruptcy of a media company tied to talk show host Dr. Phil McGraw to a Chapter 7 case, Claire's obtained approval for its Chapter 11 exit plan and Spirit Airlines got the final sign-off for more than $1 billion in postpetition financing.
October 30, 2025
Marc J. Heimowitz has seen many times what creditors experience when an airline goes bankrupt, and his deep Wall Street experience analyzing distressed companies in the industry will help him in his new role as the examiner appointed to investigate the circumstances surrounding Spirit Airlines' second Chapter 11 filing in August, just over five months after it had exited its prior bankruptcy.