On March 7, 2025, Judge Sean Lane confirmed the Chapter 11 plan for Spirit Airlines, that contained releases for non-debtors. The decision appears to hold that the Supreme Court’s Purdue decision barring plans that release nondebtors did not alter the…
Now is the time to Panic Plan
Whether you are analyzing macro indicators, or evaluating your energy costs, supply chain costs, or the rising cost of borrowing, you have probably found at least one reason for concern about the next few quarters. Don’t panic. In 30 plus…
Chapter 11 Bankruptcy Reorganizations – DIP Challenges
As of Friday (04/03/20), the Coronavirus Aid, Relief and Economic Security (CARES) Act that is providing funding for businesses, did not address debtor-in-possession (“DIP”) lending to businesses operating in Chapter 11 of the United States Bankruptcy Code. We are hoping…