bankruptcy

Spirit Airlines, Inc. (NYSE:SAVE) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3. The budget airline was in the process of renegotiating an...

Spirit Airlines Inc (NYSE:SAVE) is facing turbulent skies ahead. While the broader airline industry is flying high, Spirit's financial woes are pushing it toward a potential bankruptcy. With debt piling up and its stock plummeting, the budget carrier is now fast-tracking the retirement of its...

StateHouse Holdings (OTC:STHZF), a major player in the cannabis industry, has announced its entry into bankruptcy proceedings under Canada’s Bankruptcy and Insolvency Act. This development follows a series of financial challenges, culminating in legal action by Pelorus Fund, which filed a...

When word got around that Spirit Airlines, Inc. (NYSE:SAVE) was considering a bankruptcy filing, critics quickly took to social media to blame the Biden administration. Why? Recall how, in January, U.S. antitrust regulators successfully blocked JetBlue Airways Corporation (NASDAQ:JBLU) from buying...

Spirit Airlines Inc. (NYSE: SAVE) experienced a significant drop of over 40% in pre-market trading on Friday. This decline follows reports of the airline engaging in bankruptcy talks with bondholders. At the time of writing, it was trading at $1.35 while it closed at $2.24 on Wednesday,...

Spirit Airlines Inc (NYSE:SAVE) is reportedly in discussions with bondholders regarding the terms of a potential bankruptcy filing. The budget airline is exploring restructuring options following a failed merger with JetBlue Airways Corporation (NASDAQ:JBLU). What Happened: Spirit is considering a...

Elon Musk expressed concerns over the financial trajectory of the United States, suggesting the nation is on the brink of bankruptcy. What Happened: As per economist E.J. Antoni on Thursday, Federal debt increased by $204 billion on the very first day of the new fiscal year, jumping to a new...

Tupperware Brands Corporation (NYSE:TUP) announced yesterday that it and some of its subsidiaries have voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. In a filing, the company said, while its direct-selling business model thrived for years, in...

Do Kwon, the disgraced co-founder of Terraform Labs, is set to be extradited from Montenegro to South Korea, as per a court ruling. The decision rejects a U.S. extradition request. What Happened: The Appellate Court of Montenegro upheld a previous decision by the High Court of Podgorica to hand...

2U Inc. (NASDAQ:TWOU), a prominent online education company, has filed for Chapter 11 bankruptcy protection. The Maryland-based firm has been grappling with mounting debt and intensified competition. What Happened: On Thursday, 2U, a key player in the online education sector, announced its decision...

Editor’s note: This story has been updated to add additional detail around U.S. corporate bankruptcies filed in 2010. A higher-for-longer interest rate environment has sent many companies reeling, as corporate bankruptcies hit a high in June. The data came during concerns about the U.S....

The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc. (NASDAQ:AMZN). What Happened: The acquisition, which has been approved by the...

Walgreens expects to close a “significant” number of stores in the face of “headwinds,” but the pharmacy chain has not specified how many retail locations it plans to shutter. Parent company Walgreen Boots Alliance, Inc. (NASDAQ:WBA) announced the plan to close an...

Marques Brownlee, the prominent tech YouTuber known as MKBHD, expressed his disappointment over the bankruptcy of Fisker Inc., underlining the need for more competition in the electric vehicle sector. What Happened: Brownlee took to X to share his thoughts on Fisker’s bankruptcy. He...

Electric vehicle manufacturer Fisker Inc (OTCPK: FSRN), once a market darling, filed for bankruptcy on Monday. What does Fisker’s bankruptcy mean for an EV market facing mixed signals? What Happened: Put simply, Fisker bled money. The Manhattan Beach, California-based company had significant...