This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business. Luminar Technologies proposes a $110 million liquidation plan following its December bankruptcy filing, with a semiconductor subsidiary ...
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This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business. Luminar Technologies proposes a $110 million liquidation plan following its December bankruptcy filing, with a semiconductor subsidiary ...
December 8, 2025 - Spirit Airlines, SilverRock Development, The Stephan Company, First Brands Group, 23andMe
Restructuring Report
6 minutes
2 weeks ago
December 8, 2025 - Spirit Airlines, SilverRock Development, The Stephan Company, First Brands Group, 23andMe
This episode covers key developments in five major restructuring and bankruptcy cases: Spirit Airlines seeks court approval for a $140 million engine settlement with International Aero Engines to resolve disputes stemming from the Pratt & Whitney engine crisis that grounded much of its fleet. The agreement includes engine credits, replacement leases, and new purchase commitments as the airline works to stabilize operations. SilverRock Development proposes a liquidation plan following the ...
Restructuring Report
This episode covers key developments in four major restructuring and bankruptcy cases: Artist & Craftsman Supply files for Chapter 11 in Maine just before the holidays, seeking court approval to continue operations, pay employees and vendors, and honor $715,000 in outstanding gift card balances to sustain its 18-store art and craft retail business. Luminar Technologies proposes a $110 million liquidation plan following its December bankruptcy filing, with a semiconductor subsidiary ...
