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Bankruptcy News 13 December 2025 - 20 January 2026

Tailwind Air files for Chapter 11 as NYC–Boston seaplane operator lists up to $10M in liabilities

Tailwind Air files for Chapter 11 as NYC–Boston seaplane operator lists up to $10M in liabilities

ALEXANDRIA, Va., Jan 19, 2026, 17:59 EST Tailwind Air, a U.S. seaplane and charter operator known for a short-lived Manhattan-to-Boston shuttle, has filed for Chapter 11 bankruptcy protection in Virginia, court records show. Two affiliated companies, Tailwind Air, LLC and Tailwind Air Service, LLC, reported estimated assets of $0 to $50,000 and liabilities of about $1 million to $10 million,…
20 January 2026
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Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

New York, Jan 14, 2026, 09:47 (EST) Saks Global, which owns Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection late Tuesday. This marks one of the largest U.S. retail failures since the pandemic. Chapter 11 allows the company to continue operating under court oversight while it works on restructuring its debt. (Reuters) The bankruptcy…
14 January 2026
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Saks Global bankruptcy filing: Saks Fifth Avenue and Neiman Marcus seek Chapter 11 with $1.75 billion lifeline

Saks Global bankruptcy filing: Saks Fifth Avenue and Neiman Marcus seek Chapter 11 with $1.75 billion lifeline

New York, Jan 14, 2026, 02:14 EST Saks Global filed for Chapter 11 bankruptcy protection in Texas late on Tuesday, seeking to keep its Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus businesses running while it restructures under court supervision. The company said it had secured a $1.75 billion financing package to support operations through the process. Reuters The filing…
14 January 2026
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U.S. bankruptcies hit a 15-year high as Trump tariffs and high rates squeeze companies

U.S. bankruptcies hit a 15-year high as Trump tariffs and high rates squeeze companies

NEW YORK, December 29, 2025, 09:16 ET U.S. corporate bankruptcies have climbed to a 15-year high in 2025, with at least 717 companies filing through November as tariffs and higher borrowing costs strained cash flow and demand. The Washington Post The jump matters because it is showing up across a wide range of industries, rather than concentrating in one troubled…
29 December 2025
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Hooters Singapore Is Closing: Clarke Quay Outlet to Shut Jan. 31, 2026 as Brand Rebuilds After Bankruptcy and “Wrong Wing Sauce” Revelation

Hooters Singapore Is Closing: Clarke Quay Outlet to Shut Jan. 31, 2026 as Brand Rebuilds After Bankruptcy and “Wrong Wing Sauce” Revelation

Hooters’ long-running Clarke Quay restaurant—its first and last remaining outlet in Singapore—will close on Jan. 31, 2026, ending a three-decade run on the Singapore River that began in the mid-1990s. Mothership For locals, it’s a nostalgia-soaked footnote in the city’s ever-changing nightlife and dining map. For the brand globally, it lands in the middle of a high-stakes reset: in the…
28 December 2025
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Reliance Infrastructure Trading Restricted Under IBC Stage 1 on Dec 22, 2025; Reliance Power Slides as Investors Seek Clarity

Reliance Infrastructure Trading Restricted Under IBC Stage 1 on Dec 22, 2025; Reliance Power Slides as Investors Seek Clarity

Mumbai: A sudden trading restriction on Reliance Infrastructure Ltd. on Monday, December 22, 2025, triggered confusion among retail investors and rippled through other Anil Ambani-group counters—most notably Reliance Power Ltd., which slid sharply in early trade amid concerns about liquidity and exit options. Lokmat Times The episode has quickly become one of the most talked-about market developments of the day…
22 December 2025
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Luminar Technologies (LAZR) Stock: Chapter 11 Sale Process, $110M Photonics Deal, and Nasdaq Delisting Countdown (Dec. 22, 2025)

Luminar Technologies (LAZR) Stock: Chapter 11 Sale Process, $110M Photonics Deal, and Nasdaq Delisting Countdown (Dec. 22, 2025)

Updated for Dec. 22, 2025 — Luminar Technologies, Inc. (NASDAQ: LAZR) is in the middle of a court-supervised restructuring that has turned the stock into a high-volatility, headline-driven trade. The company filed for Chapter 11 bankruptcy on Dec. 15, lined up a $110 million all-cash deal to sell its photonics subsidiary, and is now facing an imminent Nasdaq delisting—while the…
22 December 2025
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iRobot Stock (IRBT) Plunges After Chapter 11 Bankruptcy Filing: Picea Deal, Nasdaq Delisting Date, and Investor Outlook (Dec. 16, 2025)

iRobot Stock (IRBT) Plunges After Chapter 11 Bankruptcy Filing: Picea Deal, Nasdaq Delisting Date, and Investor Outlook (Dec. 16, 2025)

iRobot Corporation (NASDAQ: IRBT) — the company that turned “Roomba” into a household verb — is now at the center of a market event investors don’t forget: a pre-packaged Chapter 11 bankruptcy process paired with a deal that hands ownership to its lender and key supplier, Shenzhen PICEA Robotics (Picea). The headline is simple, but the implications for iRobot stock…
16 December 2025
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Colabor Group (TSX: GCL) Warns It May Seek Creditor Protection After Refinancing Deadline Missed

Colabor Group (TSX: GCL) Warns It May Seek Creditor Protection After Refinancing Deadline Missed

SAINT‑BRUNO‑DE‑MONTARVILLE, Quebec — December 15, 2025 — Colabor Group Inc., a Quebec-based food distributor that supplies restaurants, hotels, institutions and retailers, says it is weighing creditor-protection options after it failed to deliver the refinancing commitments its lenders required by December 15—a setback that immediately rattled markets and reignited concerns about the company’s ability to stay afloat. GlobeNewswire In a corporate…
15 December 2025
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iRobot Bankruptcy: Roomba Maker Files for Chapter 11, Picea Robotics to Acquire and Take Company Private

iRobot Bankruptcy: Roomba Maker Files for Chapter 11, Picea Robotics to Acquire and Take Company Private

December 15, 2025 — iRobot, the Massachusetts-based company behind the Roomba robot vacuum, has filed for Chapter 11 bankruptcy protection in the United States and struck a deal that will hand ownership to its primary contract manufacturer and secured lender, Shenzhen PICEA Robotics (Picea). The company says it expects no interruption to Roomba devices, app services, customer programs, or product…
15 December 2025
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iRobot Corporation Stock (IRBT) in Focus: Chapter 11 Bankruptcy, Picea Buyout Plan, and What It Means for Shareholders (Dec. 15, 2025)

iRobot Corporation Stock (IRBT) in Focus: Chapter 11 Bankruptcy, Picea Buyout Plan, and What It Means for Shareholders (Dec. 15, 2025)

iRobot Corporation (NASDAQ: IRBT) — the Roomba robot vacuum pioneer that helped make “robots in the home” feel normal — is now at a make-or-break moment for investors. On December 14–15, 2025, the company announced it has entered a court-supervised, pre-packaged Chapter 11 bankruptcy process tied to a deal that would transfer ownership to its secured lender and primary contract…
15 December 2025
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Spirit Airlines Bankruptcy: Dec. 13 Funding Deadline Fuels Shutdown Fears as American Airlines Expands at Chicago O’Hare

Spirit Airlines Bankruptcy: Dec. 13 Funding Deadline Fuels Shutdown Fears as American Airlines Expands at Chicago O’Hare

Updated: December 13, 2025 — Spirit Airlines is facing a pivotal Chapter 11 milestone today that could determine whether the ultra-low-cost carrier can keep flying without disruption into the peak holiday travel stretch. Rival airlines are reportedly preparing contingency plans for a potential Spirit shutdown, even as Spirit insists flights are operating normally. At the same time, American Airlines emerged…
13 December 2025
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Stock Market Today

  • SGX Shares Slip as Exchange Launches 20-Year Japan Bond Futures Ahead of BOJ Meeting
    January 20, 2026, 3:14 AM EST. Shares of Singapore Exchange (SGX) fell 1.1% to S$17.42 on Tuesday following the announcement of its new 20-year mini Japanese government bond futures launching January 26. The move aims to expand SGX's Japan rates offerings ahead of the Bank of Japan's (BOJ) policy decision this week, which traders expect to increase volatility in Japanese interest rates. SGX hopes the new contract will attract volume amid competition from Osaka Exchange, which already operates a similar futures market. Despite a strong 43% stock rally over the past year reflecting growth expectations, SGX must overcome cautious market makers and potential volatility dips post-BOJ meeting to sustain momentum. Investors await SGX's half-year FY2026 results on February 5 for further insight.
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