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 […]
Jillian Bloom – On March 23, 23andMe announced that it had initiated Chapter 11 bankruptcy proceedings and proposed a court-supervised auction scheduled for May 14. As these proceedings unfold and test the efficacy of today’s fragmented data privacy protections, customers are reminded of the troubling truth: the fate of their genetic data ultimately lies in […]
Natalia Garcia Baerga – Throughout history, monitoring bankruptcies has been an effective way of understanding the current economic status and business cycle. However, it seems this relationship between bankruptcies, macro-economic conditions, and the business cycle has changed during the COVID-19 crisis. Specifically, contrary to the media’s portrayal of small businesses struggling throughout the pandemic bankruptcy […]
Wyatt Rose-J.C. Penney, the 118-year-old infamous clothing behemoth, is one of the latest retail companies to fall victim to the newer and cheaper e-commerce revolution. As a result of its struggles against e-commerce powerhouses like Amazon and Walmart—coupled with COVID-19 woes—J.C. Penney filed for Chapter 11 bankruptcy in May of this year. However, in a […]
