By Chris Summers President Donald Trump said on April 23 that a taxpayer-funded takeover of Spirit Airlines could be an option, with the intention of reselling it when oil prices fall. The Florida-based airline is undergoing restructuring after filing for bankruptcy protection in August 2025. Trump, speaking to reporters in the Oval Office, said he […]
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.
