By Mary Prenon For the second time in less than a year, Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines LLC, announced on Aug. 29 a comprehensive restructuring of the Florida-based air carrier. The company has filed voluntary petitions for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New […]
Tag: Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
