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Bankruptcy News 29 September 2025 - 23 November 2025

Spirit Airlines Stock (FLYYQ) on November 23, 2025: Price, Second Bankruptcy, Class Actions and What Investors Need to Know

Spirit Airlines Stock (FLYYQ) on November 23, 2025: Price, Second Bankruptcy, Class Actions and What Investors Need to Know

As of Sunday, November 23, 2025, Spirit Aviation Holdings, Inc. (OTC: FLYYQ), parent of Spirit Airlines, is trading around $0.25 per share, giving the once high-flying ultra‑low‑cost carrier a market capitalization of roughly $6.7 million.Investing.com+1 That puts Spirit firmly in penny‑stock territory after a brutal year that included two Chapter 11 filings, severe route cuts, large-scale furloughs and repeated warnings about its ability to stay in business.Reuters+2Reuters+2 Today’s news flow is relatively light but still notable for equity holders: No new Spirit corporate press releases or SEC filings hit the tape today; the latest company communications came last week with
23 November 2025
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Sonder Holdings (SOND) Bankruptcy Latest: Chapter 7 Liquidation, Lawsuits and Stock Outlook – 20 November 2025

Sonder Holdings (SOND) Bankruptcy Latest: Chapter 7 Liquidation, Lawsuits and Stock Outlook – 20 November 2025

Sonder Holdings Inc. (NASDAQ: SOND) is now in full collapse mode. After Marriott International abruptly terminated a 20‑year licensing agreement on 9 November, Sonder announced on 10 November that it would immediately wind down operations and pursue a Chapter 7 liquidation of its U.S. business, with insolvency proceedings planned in the international markets where it operates. Nasdaq+1 In the days since, the situation has escalated: For investors, the key question on 20 November 2025 is no longer whether Sonder can survive, but how little – if anything – will be left for common shareholders once creditors are paid. SOND stock
20 November 2025
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Compass-Backed Lugano Diamonds Files for Chapter 11 Bankruptcy Amid Fraud Allegations and Luxury Retail Slowdown

Compass-Backed Lugano Diamonds Files for Chapter 11 Bankruptcy Amid Fraud Allegations and Luxury Retail Slowdown

November 18, 2025 Lugano Diamonds & Jewelry Inc., the ultra-luxury jeweler known for multimillion‑dollar bespoke pieces and private salons, has filed for Chapter 11 bankruptcy in Delaware and put itself up for sale, just as the crucial holiday shopping season kicks into gear. The Newport Beach–based retailer, majority‑owned by investment firm Compass Diversified, is seeking court protection after internal probes uncovered serious financial irregularities and a cascade of lawsuits tied to its former chief executive and co‑founder, Mordechai “Moti” Ferder. JCK At the same time, the move underscores how even the very top of the luxury market is feeling the
18 November 2025
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Freddy’s Frozen Custard Franchisee M&M Custard Files Chapter 11, Putting 32 Dairy Queen Rival Locations at Risk

Freddy’s Frozen Custard Franchisee M&M Custard Files Chapter 11, Putting 32 Dairy Queen Rival Locations at Risk

OVERLAND PARK, Kan. — One of the largest operators of Freddy’s Frozen Custard & Steakburgers has filed for Chapter 11 bankruptcy protection, sending fresh shockwaves through the already-stressed frozen dessert and fast-casual sector on Sunday, November 16, 2025. M&M Custard LLC, an Overland Park–based franchisee that runs 32 Freddy’s locations across six states, submitted its voluntary Chapter 11 petition to the U.S. Bankruptcy Court for the District of Kansas on Friday, November 14. Court filings show roughly $5–$5.2 million in assets against about $27.7–$28 million in liabilities, and list between 100 and 199 creditors. The Sun+3ET Now+3The Economic Times+3 The case has
16 November 2025
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Sonder Holdings (SOND) Nears Chapter 7 After Marriott Split: Stock & Bankruptcy Update for November 13, 2025

Sonder Holdings (SOND) Nears Chapter 7 After Marriott Split: Stock & Bankruptcy Update for November 13, 2025

Sonder Holdings Inc. (NASDAQ: SOND), once pitched as a tech‑driven rival to Airbnb and a partner of Marriott International, is now in full collapse mode. The company is winding down operations, expecting to file for Chapter 7 bankruptcy of its U.S. business and begin insolvency proceedings abroad, while guests around the world report being told to leave their rooms with only hours’ notice. 6abc Philadelphia+3Yahoo Finance+3Stock Titan+3 SOND stock today: extreme volatility under 25 cents As of this afternoon (Nov. 13, 2025), SOND stock is trading around $0.17, up modestly on the day but still hovering near all‑time lows after
13 November 2025
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Jack’s Donuts Bankruptcy Shakes Indiana – 64-Year-Old Doughnut Chain Faces Uncertain Future

Jack’s Donuts Bankruptcy Shakes Indiana – 64-Year-Old Doughnut Chain Faces Uncertain Future

Chapter 11 Filing and What It Means Jack’s Donuts – an Indiana-based donut chain founded in 1961 – stunned local fans and franchisees by filing for Chapter 11 bankruptcy protection in late October 2025whatnow.com. Chapter 11 is a form of bankruptcy that allows a business to reorganize its finances under court supervision rather than liquidate entirelywrtv.com. In practical terms, this means Jack’s Donuts is not closing its doors. The company will continue operating while it restructures debt and crafts a turnaround plan under oversight of the bankruptcy court. According to federal court records, Jack’s Donuts of Indiana Commissary, LLC filed
31 October 2025
New Fortress Energy Seeks U.K. Lifeline to Dodge Bankruptcy – Shares Crash as $9 B Debt Weighs

New Fortress Energy Seeks U.K. Lifeline to Dodge Bankruptcy – Shares Crash as $9 B Debt Weighs

Deep Dive: $9 B Debt Crunch Drives Unconventional Plan New Fortress Energy – a company founded by billionaire Wes Edens – grew rapidly in recent years as an integrated gas-to-power provider, building liquefied natural gas terminals, floating LNG (FLNG) facilities, and power plants from the Americas to Asia. But that breakneck expansion came at a cost: nearly $9 billion in debt piled up on its balance sheetnews.bloomberglaw.com. When several major projects hit delays and cost overruns, NFE’s revenues and cash flows fell short, making it increasingly difficult to meet its heavy debt obligationsnews.bloomberglaw.com. The company even suspended its dividend late last year
29 October 2025
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CandyWarehouse’s Halloween Horror: Major Online Candy Retailer Files for Bankruptcy Days Before Oct 31

CandyWarehouse’s Halloween Horror: Major Online Candy Retailer Files for Bankruptcy Days Before Oct 31

CandyWarehouse’s decision is unusual timing. The online sweets retailer said in court filings that it is insolvent and unable to pay its debts. Bankruptcy records confirm the Chapter 11 petition lists roughly $100K–$500K in assets versus $1M–$10M in debtspacermonitor.com. A hearing is set for Oct 29 on motions to continue operations (such as paying workers and suppliers), so CandyWarehouse can restructure rather than liquidatewhatnow.com. In a press release, the company noted this step “will determine how the company moves forward as it works to preserve its brand and nationwide customer base”whatnow.com. Retail analysts say CandyWarehouse’s woes reflect broader industry shifts. WhatNow
28 October 2025
Jefferies Stock Plunge Deepens Amid Bankruptcy Fallout – Will a Rebound Follow?

Jefferies Stock Plunge Deepens Amid Bankruptcy Fallout – Will a Rebound Follow?

Stock Hits Multi-Month Low Amid Legal Fallout Jefferies shares have been on a wild ride in recent weeks, culminating in a steep plunge on October 16. The stock sank intraday to about $50 – territory not seen in over four months – before closing at $48.80, down over 10% for the day stockinvest.us. The selloff erased roughly one-quarter of Jefferies’ market value in just two weeks, capping a slide from the mid-$60s in late September ts2.tech. The immediate trigger for the latest drop was mounting scrutiny over Jefferies’ exposure to a client’s bankruptcy and the wave of shareholder lawsuits that
17 October 2025
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Mexican Dining Crisis: Beloved Chains File Bankruptcy and Close Doors as Industry Hits Breaking Point

Mexican Dining Crisis: Beloved Chains File Bankruptcy and Close Doors as Industry Hits Breaking Point

In summary, a squeeze on mid-tier Mexican chains is underway: beloved sit-down restaurants are shuttering locations or reorganizing under bankruptcy, even as fast-casual Mexican concepts (like Chipotle) remain popular. Oversupply of similar full-service concepts, plus inflation and labor costs, have forced chains like Abuelo’s to downsize dramatically ibtimes.co.uk calcoasttimes.com. Experts say the fallout is a wake-up call – legacy diners must adapt or consolidate. On the bright side, overall demand for dining out is not collapsing (Sysco reports only a ~1% dip in traffic industry-wide ts2.tech), and consumer surveys show that most people still enjoy eating at restaurants restaurant.org. If
12 October 2025
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Jefferies Scrambles as First Brands’ $10 Billion Bankruptcy Reveals $2.3 Billion in ‘Vanished’ Debt

Jefferies Scrambles as First Brands’ $10 Billion Bankruptcy Reveals $2.3 Billion in ‘Vanished’ Debt

First Brands’ Debt-Fueled Rise and Spectacular Fall First Brands Group’s journey from industry consolidator to bankruptcy cautionary tale was swift and dramatic. The company – a leading supplier of replacement auto parts like oil filters, brake pads and windshield wipers – grew aggressively through debt-financed acquisitions in the 2010s Livemint. By 2025, it owned well-known aftermarket brands such as Raybestos (brake components), TRICO (wiper blades) and FRAM (engine filters), selling through major retailers like Walmart and AutoZone ts2.tech. However, this rapid expansion came at the cost of a towering debt load that far outpaced its earnings. Over the summer of
9 October 2025
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First Brands Group Files for Chapter 11, Discloses $10–$50 Billion in Liabilities

First Brands Group Files for Chapter 11, Discloses $10–$50 Billion in Liabilities

Overall, First Brands Group’s Chapter 11 filing represents a major failure in the auto aftermarket space. It underscores the dangers of aggressive debt structures in a rising-rate environment. For now, the company has stayed open for business, suppliers will continue to ship parts, and customers (retailers and repair shops) will receive product normally. The big questions remain how much debt can be restructured, who will control the reorganized firm, and what this means for competitors. Any final outcome (sale or restructuring) will likely emerge only after lengthy court proceedings in the coming months. Sources: First Brands’ Chapter 11 petition and press
30 September 2025
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Wolfspeed (WOLF) Stock Skyrockets 1,100% on Shocking Chapter 11 Reorganization

Wolfspeed (WOLF) Stock Skyrockets 1,100% on Shocking Chapter 11 Reorganization

Stock Performance (Sep 29, 2025 & Recent) Wolfspeed’s share price was relatively stable (around $1–$2) in early September after its Chapter 11 filing in June. On Sept 9, shares jumped ~48% to $1.82 when the court confirmed the reorganization plan. After trading near that level for weeks, Sep 29 brought unprecedented volatility. Speculation and heavy buying drove WOLF sharply higher: by late morning, shares were up over 1,100%. Benzinga reported WOLF trading around $14.97 (about +1,137%) by midday, and market data show an intraday high near $19.80. Several volatility halts (LULD pauses) occurred as the NYSE managed the extreme moves
29 September 2025
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Stock Market Today

Applied Digital stock jumps 25% as AI data-center names rebound — what’s next for APLD

Applied Digital stock jumps 25% as AI data-center names rebound — what’s next for APLD

7 February 2026
Applied Digital Corporation shares jumped 25.52% Friday to $34.95, then slipped to $34.60 after hours. The company reported fiscal Q2 revenue up 250% to $126.6 million and signed leases for 600 MW of data center capacity in North Dakota. Applied Digital broke ground on a new 430‑MW campus in the southern U.S. in January. Financing includes a $100 million promissory note with 8% interest, paid in kind.
Eli Lilly stock pops as FDA targets cheap weight-loss copycats — what to know before Monday

Eli Lilly stock pops as FDA targets cheap weight-loss copycats — what to know before Monday

7 February 2026
Eli Lilly shares rose 3.7% to $1,058.18 Friday after the FDA said it would act against telehealth firm Hims & Hers for marketing a $49 compounded weight-loss pill. The move followed a sharp selloff Thursday when Hims announced plans to sell a version of Novo Nordisk’s Wegovy. Investors remain uncertain how aggressively regulators will police copycat drugs and pricing in the obesity drug market.
Saudi Aramco share price set for Sunday test after Tadawul ends market-making deal

Saudi Aramco share price set for Sunday test after Tadawul ends market-making deal

7 February 2026
Saudi Exchange approved Merrill Lynch KSA’s exit as market maker for Saudi Aramco, effective Feb. 8. Aramco shares closed at 25.60 riyals Thursday, down 0.06, with 22.1 million traded. The Tadawul index fell 1.3% as Brent crude dropped to $67.93. Aramco set March official selling prices at $2.10 above Argus for North America and $0.65 above ICE Brent for Western Europe.
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