Bankruptcy

On April 16, 2026, I shared that things looked bleak for Spirit Air. There were numerous rumors that they were quickly failing and potentially heading towards liquidation.

Some are criticizing and complaining that the federal government should not get involved and bailout Spirit Air. I strongly disagree.

I am a huge fan and a regular Spirit Air client for more than 20 years. I don’t want this to be true. However, confidential sources have told CNBC that Spirit Air may be forced to liquidate as soon as this week

Spirit Airlines President and CEO, Dave Davis released a public statement that confirmed that Spirit Airlines voluntary entered Chapter 11 restructuring.

Claire's, known for ear piercings and kid's jewelry and accessories, is having financial problems and one store in NJ is shutting down.

This popular restaurant chain, which has locations throughout New Jersey, has filed for bankruptcy and has now closed about half its restaurant locations.

The chain exited bankruptcy last year, but it looks like some stores might close.

After hoping for a miracle to save it from their financial woes, a national retailer is closing its doors.

2019 proved to be such an unsuccessful fiscal year for many retail chains, it sent some into downsizing their number of stores, and others into full bankruptcy.

Toys R Us may be filing for bankruptcy sooner rather than later, with some reports saying it could even come as early as this week