Bankruptcy

Sweden's enforcement authority Kronofogden has priced the bankrupt housing association Femmans hus, known as the Chinese Wall, at 60 million kronor in Rosengård, Malmö. The property needs major renovations estimated at 40–50 million kronor, according to housing company Trianon. A viewing took place on Tuesday morning for potential buyers.

March 24, 2026 Ti AI ṣe iroyin

Slutty Vegan founder Pinky Cole, incoming Real Housewives of Atlanta star, filed an emergency motion in bankruptcy court after creditor Guardian Asset Management seized her Loganville, Georgia home. Cole claims the actions violate her Chapter 11 protections and are causing extreme financial harm. She needs the property to generate rental income with a tenant lined up for April 1.

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.

February 24, 2026 Ti AI ṣe iroyin

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.

Canacol Energy Ltd. has sought judicial protection under the Companies’ Creditors Arrangement Act (CCAA) in the Court of King's Bench of Alberta, Canada, due to a severe liquidity crisis. The company faces trading suspensions of its shares on the Toronto Stock Exchange and Colombia's Bolsa de Valores de Colombia, with reviews for potential delisting. This step aims to restructure debts while sustaining operations in Colombia.

November 10, 2025 Ti AI ṣe iroyin

The Rio de Janeiro Court of Justice declared the bankruptcy of telecom operator Oi on Monday, November 10, ending a ten-year judicial recovery process fraught with allegations of non-compliance. The company, once Latin America's largest, amassed billions in debt despite asset sales. The judge highlighted the firm's asset stripping.