The struggling charter airline and aviation services provider files for Chapter 11 bankruptcy to sell its assets to its lenders. The U.S. airline industry faced major financial distress in 2025 with ...
Leaders should always be prepared to navigate the potential complexities of financial distress. As a final recourse, Chapter 11 bankruptcy can be a lifeline for companies facing insurmountable debts, ...
Chapter 11 bankruptcy, one of the most complex forms of bankruptcy under U.S. law, allows a company that is near failure to restructure operations to stay in business rather than simply liquidate all ...