It once had 40 stores across the U.S., but it is now down to just 16 locations. And as a result, the restaurant chain filed for bankruptcy. Abuelo’s — a Mexican eatery that has been around for 36 years and is owned by Food Concepts International — quietly made a filing in a U.S. Bankruptcy Court located in the Northern …
Read More »Another airline files for bankruptcy, cancels all flights TheStreetView Full Coverage on Google News Source link
Read More »Another Mexican restaurant chain files Chapter 11 bankruptcy TheStreet Beloved Mexican restaurant declares bankruptcy, closing 24 restaurants PennLive.com Mexican restaurant bankruptcies surge: Is the US dining scene oversaturated with burritos and tacos? Data reveals… Mint Chain Mexican Restaurants in Crisis: Abuelo’s Bankruptcy Exposes Industry Struggles International Business Times UK Why is Abuelo’s closing 24 restaurants? Reason explained primetimer.com Source link
Read More »Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street The New York Times First Brands’ implosion is ripping through private credit – and lenders are scrambling to contain the fallout CNBC Bankrupt Auto Supplier First Brands Faces Criminal Investigation The Wall Street Journal First Brands: why a maker of spark plugs and wiper blades has Wall Street worried The Guardian The Funds …
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Spirit Airlines is making tough decisions in bankruptcy as it fights to survive. On Thursday, the Dania Beach, Florida-based discounter asked a bankruptcy court for permission to reject leases on 87 Airbus A320-family aircraft and return them to lessors. The request covers 19 A320ceos, 65 A320neos and three A321neos. This came two days after Spirit sought court approval for a …
Read More »Texas restaurant chain files for bankruptcy amid $12M debt ChronView Full Coverage on Google News Source link
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This article first appeared on GuruFocus. Sep 30 – Wolfspeed (NYSE:WOLF) shares skyrocketed Monday as the company completed a major restructuring tied to its bankruptcy plan. The stock closed at $20.89, a jump of more than 1,700% from Friday’s $1.21 close, after all previously issued shares were cancelled and replaced with a new issuance. Wolfspeed was also up 30% on …
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A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a court hearing Tuesday. The struggling …
Read More »Wolfspeed Exits Bankruptcy. The Stock Is Jumping. Barron’s Wolfspeed shares rally after chipmaker exits Chapter 11 bankruptcy Yahoo Finance Wolfspeed exits Chapter 11 bankruptcy, slashes debt and interest costs Reuters Wolfspeed completes financial restructuring Evertiq Wolfspeed emerges from Ch. 11, appoints five new members to its board of directors Seeking Alpha Source link
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Major auto parts maker First Brands Group, LLC. filed for bankruptcy protection over the weekend — revealing billions of mounting debt in the process. The auto parts manufacturing company filed for bankruptcy Sunday, Sept. 28, after disclosing more than $10 billion in liabilities, court filings show. Bloomberg described the filing as “capping weeks of turmoil sparked by creditor concern over …
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