Bankruptcy

Claessons Snickeri Aktiebolag in Krylbo has been declared bankrupt following its own request. Falu District Court made the decision on June 8.

9 Mwezi wa sita, 2026 Imeripotiwa na AI

Biotech company Carbiotix in Lund has been declared bankrupt. The firm was delisted from Spotlight Stock Market at the end of last year.

Leaders from the Council of Fashion Designers of America, British Fashion Council, Camera Nazionale della Moda Italiana, and Fédération de la Haute Couture et de la Mode sent a joint letter to Saks Global CEO Geoffroy van Raemdonck on March 16. They called for fair treatment of young and independent brands in the company's restructuring plans. The plea follows Saks' bankruptcy filing and concerns over unpaid deliveries from small designers.

16 Mwezi wa tatu, 2026 Imeripotiwa na AI

The U.S. Supreme Court unanimously held that challenges to void judgments must be filed within a reasonable time. In Coney Island Auto Parts Unlimited, Inc. v. Burton, the court rejected arguments for unlimited challenge periods. The ruling emphasizes the legal system's need for finality.

Spirit Airlines has reached an agreement in principle with creditors to emerge from its second Chapter 11 bankruptcy in late spring or early summer. The restructuring will reduce its debt and lease obligations from $7.4 billion to $2.1 billion, positioning the carrier as a smaller, leaner operation focused on core markets. CEO Dave Davis described the plan as creating a strong competitor able to deliver value at competitive prices.

24 Mwezi wa pili, 2026 Imeripotiwa na AI

Spirit Airlines announced on February 24, 2026, that it has reached an agreement with creditors to emerge from Chapter 11 bankruptcy by late spring or early summer. The deal will reduce the airline's debt significantly and position it as a leaner competitor. This follows the carrier's second bankruptcy filing amid ongoing financial struggles.