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Spirit Airlines Seeks to Start Orderly Wind-Down to Sell Assets
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Spirit Airlines Seeks to Start Orderly Wind-Down to Sell Assets

Bloomberg.com·Soma Biswas, Jonathan Randles·5 months ago
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Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.

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Saks Global Is Setting Up a Litigation Trust With Creditors to Pursue Potential Claims
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Saks Global Is Setting Up a Litigation Trust With Creditors to Pursue Potential Claims

WWD·Evan Clark·5 months ago
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Saks Global establishes a $20M litigation trust to pursue legal claims as it navigates bankruptcy, aiming to recover funds for creditors and investors.

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Spirit Airlines Could Stop Flying Tonight As Government Bailout Talks Fail
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Spirit Airlines Could Stop Flying Tonight As Government Bailout Talks Fail

View from the Wing·Gary Leff·5 months ago
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Spirit Airlines flights are still operating — but possibly not for long. A rumored shutdown could come as soon as tonight after talks over a $500 million federal bailout failed, leaving creditors, the government, and the bankrupt airline unable to agree…

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Water Bankruptcy’s Silent Threat: Why Markets Ignore the $58 Trillion Crisis Draining Global Economies
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Water Bankruptcy’s Silent Threat: Why Markets Ignore the $58 Trillion Crisis Draining Global Economies

Global water bankruptcy drains aquifers beyond recovery, costing $307 billion yearly in droughts, yet markets misprice the $58 trillion risk to GDP. UN reports warn of food shocks and sovereign strains from Egypt to the Colorado River.

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