Under the Bankruptcy Act 1966 (Cth), the timeframe within which a creditor may present a petition is strict and unforgiving. Section 44(1)(c) ...

Saks may exit bankruptcy with new owners and a smaller store base. Can it win back luxury shoppers and revive ...

Brightline is negotiating with creditors and seeking third-party investors to address over $5 billion in debt, according to ...

Fox said that Orvis’ roots date back to 1856, and it has kept its headquarters in Sunderland, Vermont, during that time. The ...

AmSurg went bankruptcy Ascension deal highlights its transformation from PE debt to a $3.9B nonprofit health system ...

The liquidation marks a dramatic turn for Spirit, which filed for bankruptcy protection in August 2025 hoping to escape financial ruin. The airline’s parent company was attempting to restructure the ...

AmSurg’s history is unlike the other major ASC chains, shaped by a series of massive ownership transformations that each reshaped its identity and risk profile. Starting as the pioneer of the ...

Spirit Airlines, which stopped flying after failing to secure a government bailout, reported eliminating more than 4,000 jobs ...

“The entire industry sprang into action to get our people home,” Huebner said. Spirit employed about 17,000 people and ...

CEO Dave Davis says he will stay on to oversee the airline's shutdown.

The Insolvency and Bankruptcy Code (“IBC”) was enacted in order to consolidate and amend the laws relating to reorganization and insolvency resolution of corpor ...