
“Chapter 22” Turbulence: Spirit Airlines Refiles for Bankruptcy Just Months After Exiting Chapter 11
Hannah Senecal – A Rapid Reentry Into Bankruptcy On August 29, 2025, Spirit Airlines (“Spirit”) filed for Chapter 11 bankruptcy in the Southern District of New York just five months after emerging from its previous restructuring. This increasingly common trend, called “Chapter 22,” refers to companies that file for Chapter 11 twice. Spirit’s swift return to bankruptcy raises […]