​Turner Development, LLC, a real estate development company based in the Washington, D.C., metro area, seeks bankruptcy protection.​

Brazilian carrier Azul has emerged from Chapter 11 bankruptcy protection after nine months, having shed $3 billion in liabilities and secured financial backing from both American Airlines and United Airlines.

Azul announced (25-Feb-2026) the completion of its voluntary financial restructuring process and emergence from Chapter 11 conducted before the US Bankruptcy Court with the following financial key achievements: Reduction of annual interest paid on loans and financing by over 50%;

Wag! Group Co. announced it is entering a voluntary pre-packaged Chapter 11 bankruptcy process to restructure its balance sheet, ensuring continued operations across its business segments during this time. The plan, which has already been accepted by its ...

The agreement is a signal the beleaguered carrier is preparing to emerge from its second Chapter 11 process in the past 15 months.

For the second time in a year, Spirit Airlines has filed for bankruptcy. Parent company Spirit Aviation Holdings Inc. announced Aug. 29 a “comprehensive restructuring” of the airline, which Spirit said is aimed at positioning its business for long-term ...

Axip Energy Services, along with its six affiliates, has filed for voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code of U.S.

Axip Energy Services LP, a Houston-based natural gas compression provider, is heading through Chapter 11 while trying to keep the field work humming. The company has kicked off a court-supervised sale process and says the restructuring is designed to keep employees, customers and vendors whole while it hunts for the best bid.

Earlier today, Bleeding Cool pointed out that tomorrow the finalising of the sale of Diamond Comic Distributors to Ad Populum, and of Alliance Gaming to Universal Distributors, as part of Chapter 11 bankruptcy proceedings, will be finalised. And while ...