Bankruptcy Lenders News Monitoring

Mexican airline Magnicharters files for bankruptcy after grounding all flights

Check your passport for these key dates (Image: Getty) Another budget carrier has reportedly collapsed, joining the beleaguered Spirit Airlines, which shut down all operations earlier this month. Magnicharters, a low-cost Mexican airline, filed for …

Ricky Hirsch: Private lender weighs bankruptcy action against conman after $550k appeal thrown out

Who Really Killed First Brands? Part 1

By Frank Parlato What Was Lost First Brands, a Cleveland-based auto parts company, went into bankruptcy last year. It employed 26,000 people on five continents. About 6,000 of those workers were Americans in Midwestern factories. The other 20,000 were in …

Another low budget airline files for bankruptcy – following in Spirit’s steps

Another low budget airline has filed for bankruptcy, following in the footsteps of the beleaguered Spirit Airlines which shut down operations earlier this month. Magnicharters, a low-cost Mexican carrier, filed for bankruptcy protection earlier this week …

West Marine files for bankruptcy, plans restructuring

May 21, 2026 West Marine, an American retailer specializing in boating supplies and fishing gear has entered into a restructuring support agreement with key financial stakeholders and filed for Chapter 11 bankruptcy protections as it works to reduce debt …

Shari’s and Coco’s Bakery Parent Files Bankruptcy

Shari’s and Coco’s Bakery parent Lena Brands filed for bankruptcy earlier this month, blaming an unsustainable debt load, frozen delivery-platform funds, and mounting financial obligations inherited during its acquisition of the struggling family-dining …

Fat Brands Is Being Carved Into Four Pieces After a $1.5 Billion Bankruptcy. Here’s Who’s Buying What.

Fat Brands gorged itself on restaurant chains until it could barely move. Now, after filing for bankruptcy with $1.5 billion in debt, the holding company is being carved up and sold for parts. A bankruptcy court on Tuesday approved the sale of the company’ …

Inside the investigations at Beetham Tower, where residents have been in ‘perpetual limbo’

Investigations remain ongoing into the long-term repair of the glass panels at one of Manchester's most iconic buildings. Beetham Tower, on Deansgate, has for years been the subject of headlines, with leaseholders unable to sell their flats and hit …

What is debt settlement? How it works and what it costs you.

If you're overwhelmed by debt, debt settlement may offer a solution. It involves negotiating with your creditors to pay off your debt for less than what you owe. In some cases, a creditor will accept just 50% of your balance. A successful debt …

Unrig The Bankruptcy Laws That Privilege Super-Rich Private Equity Oligarchs

In 2017, Toys R Us, the nationwide toy store chain, filed for bankruptcy. It had $800 million in unpaid bills: money owed to lenders, suppliers, and workers. While Toys R Us didn’t have the assets to make good on these debts, the private equity (PE) firms …

Foreign investment fund acquires Coalville golf resort Wohali in bankruptcy

As of Wednesday, the investment fund EB5AN is the new owner of Wohali. EB5 was the bankrupt golf resort’s primary lender, representing 99 anonymous foreign creditors through a federal incentive program. Since Wohali’s original developers couldn’t repay …

Hartford eco-casket startup that never sold a casket fights bid to dismiss bankruptcy

A Hartford company that set out to manufacture environmentally friendly caskets is fighting to keep its bankruptcy case alive after a federal watchdog moved to dismiss it, alleging the business lacks insurance and failed to file required financial records …

Here's Why Analysts Give JetBlue A 75% Chance Of Bankruptcy By 2027

The collapse of Spirit Airlines has intensified scrutiny across the American aviation industry, particularly among carriers operating outside the dominance of the major legacy airlines. Analysts are now increasingly focused on whether the same economic …

FAT Brands Split Up in Nearly $1 Billion Bankruptcy Sales Process

FAT Brands’ sprawling bankruptcy process appears to have been finalized. A Texas court approved Tuesday the sale of more than a dozen concepts in the portfolio, with a total value of nearly $1 billion. READ MORE ON FAT BRANDS’ BANKRUPTCY CASE: FAT Brands …

Bankruptcy court approves the sale of Fat Brands to multiple buyers

Fazoli's owner Fat Brands is being split into pieces. | Photo: Shutterstock. A bankruptcy court on Tuesday approved the sale of Fat Brands in four separate deals valued at nearly $1 billion, largely concluding a complex case marked by disputes, legal …

Massive Palm Beach County tract to hit market as Don King’s jai alai fronton heads to bankruptcy

Don King is bobbing and weaving to avoid foreclosure on a massive Palm Beach County property. An entity linked to the legendary boxing promoter filed for Chapter 11 bankruptcy reorganization last week for the 53-acre jai alai fronton at 1415 45th Street in …

Ted Turner Built CNN on Debt and Near-Bankruptcy. Here Is Why You Should Not Try to Copy Him

© Ben Rose / Getty Images Entertainment via Getty Images Ted Turner died at 87, and obituaries celebrate how he built his empire. He took an indebted billboard company into a UHF station, then into the Atlanta Braves for $10 to $12 million. Then into …

Centre moves to check proxy control in highway concession substitution

“In the case of stressed projects, finding a substitute becomes particularly challenging as the underlying project economics remain largely unchanged. Further, where the project is undergoing bankruptcy proceedings or is admitted under the NCLT (National …

Can a Secured Lender Collect Default Interest in Bankruptcy? . . . Maybe

A bankruptcy court in the Southern District of New York clarified the factors considered in determining whether an oversecured creditor can recover default interest under a loan agreement. In a recent decision (In re Mako 33, LLC), the court allowed a …

NeosLegal Named Best UAE Crypto Law Firm 2026 by the UAE Business Awards

The UAE's first crypto-native law firm, recognised for a decade structuring VASP licences, token launches and Web3 ventures across all five UAE regulators DUBAI, UNITED ARAB EMIRATES, May 23, 2026 /⁨EINPresswire.com⁩/ -- NeosLegal, the UAE…

Celebrating 10 Years: Sydney Criminal Lawyers Recognised by ThreeBestRated® Once Again

SYDNEY, NEW SOUTH WALES, AUSTRALIA, May 23, 2026 /⁨EINPresswire.com⁩/ -- A criminal charge can disrupt every aspect of a person’s life from their career and personal relationships to their peace of mind. For many, finding a legal team that combines …

Truck Accident Lawsuits Draw Attention to Commercial Driver Safety Concerns

Recent truck accident claims continue to raise concerns about commercial driver safety, fatigue, and roadway liability across the U.S. MIAMI, FLORIDA, FL, UNITED STATES, May 23, 2026 /⁨EINPresswire.com⁩/ -- Legal Claim Assistant is highlighting …

Class Action Filed Against Milton Township Over Short-Term Rental Ordinance

MI, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Today, homeowners in Milton Township, Michigan filed a federal class action lawsuit on behalf of hundreds of Milton Township homeowners challenging the constitutionality of the Township’s recently …

Phillips Law Group Named One of the 3 Best Personal Injury Lawyers in Phoenix by ThreeBestRated.com

Phillips Law Group earned a 4.8 out of 5 score and near-perfect marks across all 12 inspection categories on ThreeBestRated.com. PHOENIX, AZ, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Phillips Law Group has been named one of the 3 Best …

DMG Worldwide Inc. Bridges The Divide In Multi-State Tax & Cash Flow Strategies for Growth-Stage Businesses In Atlanta

ATLANTA, GA, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- DMG Worldwide Inc. (DMG CPAs), a growth-focused Atlanta CPA firm serving mid-market businesses across Georgia and the Southeast, is highlighting the increasing importance of multi- …

Creekmur Wealth Advisors included on USA TODAY’s Best Financial Advisory Firms 2026 List

Creekmur Wealth Advisors earned the #20 ranking nationally, while ranking #3 in the State of Illinois. MORTON, IL, IL, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Creekmur Asset Management Named to USA Today’s Best Financial Advisory Firms …

Pedestrian Injury Cases Increase in High-Traffic Urban Areas, Report Finds

Urban pedestrian injury claims continue to rise as traffic congestion and distracted driving remain major safety concerns nationwide. MIAMI, FLORIDA, FL, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Legal Claim Assistant is highlighting …

Confinaid Outlines Vision for Preventive Compliance in the AI Era

A founder-led perspective on why archive-then-audit compliance no longer scales, and what preventive compliance looks like in the AI era. SAN FRANCISCO, CA, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- For thirty years, the enterprise …

20 Women Sue San Francisco Sheriff Over Mass Strip Search Allegedly Recorded on Body Cameras at County Jail

Lawsuit filed today on the one-year anniversary of the alleged search. Vigil for survivors at noon today at San Francisco County Jail No. 2. SAN FRANCISCO, CA, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Bertolino Law, PC and The Veen Firm …

MSBA Opposes Tennessee HB 2502/SB 2166

New Remittance Tax Harms Working Families, Small Businesses, and Financial Transparency MONTVALE, NJ, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- The Money Services Business Association (MSBA) today expressed strong opposition to Tennessee …

The Advocates announces Denver office opening, expands Colorado car accident and personal injury practice

The Advocates expands in Denver, offering experienced car accident legal help, client-focused support, and guidance for Colorado injury victims. DENVER, CO, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- The Advocates announced the opening of …

Jake Cohen of Bisnar Chase Named to National Trial Lawyers Top 100 for 2026

Bisnar Chase announces senior associate and first-chair trial attorney Jake Cohen has been selected for the prestigious National Trial Lawyers Top 100 for 2026. NEWPORT BEACH, CA, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- This highly …

UN Speaker Dr. Monica Romelina Sijabat Joins LexTalk World Advisory Board

UN Speaker and Harvard alumna Dr. Monica Romelina Sijabat earns top 2025 honors for her 20-year career in international tax litigation and economic policy. WASHINGTON DC, DC, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Dr. Monica Romelina …

Spondula Opens Early S-Handle Reservations Ahead of June 1 Beta Launch

Spondula says more than 200 S-Handles are being claimed daily ahead of its June 1 beta launch and early-access BTCS referral initiative. MANCHESTER, UNITED KINGDOM, May 22, 2026 /⁨EINPresswire.com⁩/ -- Spondula Opens Early S-Handle Reservations Ahead of …

Easybook Training Expands Access to Accredited Construction and Safety Certification Across the UK

UK-wide training marketplace simplifies booking for health, safety and construction qualifications as demand for certified professionals continues to riseLONDON LONDON, UNITED KINGDOM, May 22, 2026 /⁨EINPresswire.com⁩/ -- With demand for qualified …

Lawyers of Distinction Reviews Site Launches at Laywersofdistinctionreviews.com

New platform gives clients, peers, and the public a trusted place to read authentic feedback about Lawyers of Distinction members ORLANDO, FL, UNITED STATES, May 22, 2026 /⁨EINPresswire.com⁩/ -- Lawyers of Distinction, the membership and recognition …

GIEC Global Expands Support for Migrants in Australia and Australians Seeking Overseas Opportunities

MELBOURNE, VICTORIA, AUSTRALIA, May 22, 2026 /⁨EINPresswire.com⁩/ -- GIEC Global Australia continues to support migrants, international students, skilled workers, and Australian residents by providing professional guidance for education, migration …

'How Long Until AI Takes Your Job?' New Tool Gives Every Worker a Personalised, Evidence Backed Countdown

Enter any job title to see how many days remain before AI materially disrupts it, with a plain English explanation and citations from both sides. EDINBURGH, CITY OF EDINBURGH, SCOTLAND, May 22, 2026 /⁨EINPresswire.com⁩/ -- How long until AI takes …

Education Embassy Wins Tough ART Visa Appeals Under Sourabh Aggarwal's Lead

Every refusal has a human story behind it. Many clients come to us with stress, fear, and uncertainty. Our job is to make sure their case is properly heard. BRISBANE, QUEENSLAND, AUSTRALIA, May 22, 2026 /⁨EINPresswire.com⁩/ -- A visa refusal letter is …