Spirit Airlines, the no-frills US travel pioneer, has filed for bankruptcy protection after struggling with years of losses, failed merger attempts and heavy debt levels, the company said. The Florida-based airline said on Monday that it had pre-arranged a deal with its bondholders to restructure its debts and raise money…
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue. Spirit, the biggest US budget airline, has lost more than $2.5 billion since…
The sale of InfoWars, Alex Jones’ right-wing conspiracy site, to The Onion could be held up in court after a judge questioned the transparency of the auction process Thursday. The satirical news site placed the winning bid for the site at a bankruptcy auction in an offer backed by families…
Dozens of Salt Life retail stores across the country are closing following the company’s recent purchase. Hilco Consumer-Retail Group, one of the new owners of the brand, announced Tuesday that it will be closing all 28 retail locations. Liquidation is underway as new ownership plans to restructure the fashion company and lay out a…
Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses. The company’s struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colorful, airtight…
FTX has committed to a bankruptcy liquidation that will repay customers whose deposits were locked during its late 2022 collapse. A United States court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7bn in relief to its customers, the Commodity Futures Trading Commission has said. FTX drew customers in with…
Hey Rudy, where’s the money? That’s what a federal judge appeared to be wondering while warning he may have to drag Rudy Giuliani to court after the former New York City mayor claimed he was too broke to pay administrative fees in his recently tossed bankruptcy case. Giuliani’s failure to…
A former Rite Aid in Queens has been transformed into a nightmare out of “Mad Max,” overrun by booze-swilling hobos, zonked-out junkies and migrants who have transformed the forlorn spot into their own dystopian social club. The mostly middle-aged derelicts laid claim to the 25,058-square-foot Astoria plot seven months ago,…
On August 12, a family in the central Indian city of Bhopal took a selfie in their home. After the photo, the father, Bhupendra Vishwakarma, gave his two sons, eight and three years old, a poisoned drink, and he and his wife took their lives by hanging themselves. In his…
Binance’s $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. The crypto exchange’s US-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes…
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