Bankruptcy 29 September 2025

Spirit Airlines Stock in December 2025: What SAVEQ and FLYYQ Investors Need to Know After the Second Bankruptcy

Spirit Airlines stock now trades over-the-counter under SAVEQ and FLYYQ after two Chapter 11 bankruptcies within a year. SAVEQ last changed hands near $0.47, while FLYYQ trades around $0.31 with low liquidity. The company was delisted from major exchanges after failed merger talks and ongoing financial losses. Existing shareholders are not expected to recover value under the latest restructuring plan.

7 December 2025

Bankruptcy·OTC:FLYYQ·OTC:SAVEQ·Stock Market

Nikola Corp (NKLAQ) Stock in December 2025: Bankruptcy, Liquidation and What’s Next for Shareholders

Nikola Corporation’s stock, now trading as NKLAQ over the counter, is priced near $0.0026 after losing nearly all value in the past year. A court-approved liquidation plan set for December 2025 will cancel all common shares with no recovery for shareholders. Trading is thin and highly restricted. Nikola has ceased operations and is in bankruptcy.

6 December 2025

Bankruptcy·OTCMKTS:NKLAQ·Stock Market

Keystone Brewing Group on Brink of Administration: What It Means for Black Sheep, Purity and Hofmeister

Keystone Brewing Group, owner of Black Sheep, Purity, Magic Rock, Fourpure, and Hofmeister, filed a notice of intention to appoint administrators on 28 November, putting around 190 jobs and several major UK craft beer brands at risk. Black Sheep and Purity subsidiaries also filed notices. Hofmeister says lager supplies will continue through Christmas. The group is seeking a buyer or rescue plan amid falling sales.

28 November 2025

Bankruptcy

CLSD Stock Crashes Over 60% Today as Clearside Biomedical Files for Chapter 11 Bankruptcy

Clearside Biomedical filed for Chapter 11 bankruptcy Monday and will seek a court-supervised sale of its assets. CLSD stock plunged nearly 68% to around $0.88 by late afternoon, hitting a new 52-week low after closing at $2.69 Friday. Trading volume spiked to roughly 12 times normal levels. The company cited “substantial doubt” about its ability to continue as a going concern in its latest quarterly filing.

24 November 2025

Bankruptcy·NASDAQ:CLSD·Stock Market

American Signature, Value City Furniture Parent Files Chapter 11: Store Closures, WARN Layoffs and Holiday Sales Explained (Nov. 24, 2025)

American Signature, Inc., parent of Value City Furniture, filed for Chapter 11 bankruptcy in Delaware on November 24. The company secured $50 million in debtor-in-possession financing and agreed to a stalking-horse bid with ASI Purchaser LLC. Stores and websites remain open, with Black Friday and holiday sales continuing during the court-supervised sale process.

24 November 2025

Bankruptcy

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

Spirit Aviation Holdings (OTC: FLYYQ), parent of Spirit Airlines, traded at $0.25 per share Sunday, valuing the company at about $6.7 million after two Chapter 11 filings this year. Law firm Bronstein, Gewirtz & Grossman renewed calls for shareholders with losses to seek lead-plaintiff status in a class-action suit before a December 1 deadline. No new company press releases or SEC filings were issued today.

23 November 2025

Airlines·Bankruptcy·OTC:FLYYQ·Stock Market

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

Sonder Holdings filed for Chapter 7 bankruptcy in Delaware after Marriott ended a 20-year licensing deal, triggering an immediate wind-down and global insolvency proceedings. SOND shares traded at $0.09 on November 20, down from a $1.9 billion valuation in 2022. A WARN Act class action alleges 1,000 employees were laid off without proper notice. Industry estimates say nearly 10,000 units are affected worldwide.

20 November 2025

Bankruptcy·NASDAQ:MAR·NASDAQ:SOND·Stock Market

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

Lugano Diamonds & Jewelry Inc. filed for Chapter 11 bankruptcy in Delaware and put itself up for sale after internal probes revealed financial irregularities and lawsuits linked to ex-CEO Moti Ferder. The company lists over $500 million in liabilities and at least $100 million in assets. Majority owner Compass Diversified acquired its 60% stake in 2021. Boutiques remain open during the court-supervised sale process.

18 November 2025

Bankruptcy·NASDAQ:CODI

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

M&M Custard LLC, which operates 32 Freddy’s Frozen Custard & Steakburgers locations across six states, filed for Chapter 11 bankruptcy in Kansas on Friday. Court documents show $5–$5.2 million in assets and $27.7–$28 million in liabilities. All 32 restaurants remain open as the company seeks to restructure. Some closures are possible during the process.

16 November 2025

Bankruptcy·Restaurant Industry

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

Sonder Holdings is winding down operations and expects to file for Chapter 7 bankruptcy in the U.S., with insolvency proceedings abroad. Guests at its properties have reported being told to leave with little notice. SOND stock traded around $0.17 on Nov. 13, near record lows, after swinging between $0.20 and $0.37 on heavy volume. The company’s market cap has fallen to about $3 million from billions at its 2022 debut.

13 November 2025

Bankruptcy·NASDAQ:SOND·Stock Market

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

Jack’s Donuts of Indiana Commissary, LLC filed for Chapter 11 bankruptcy on Oct. 29, 2025, listing $14.2 million in liabilities and $1.4 million in assets. Franchise locations remain open and are not affected by the filing. The bankruptcy follows a failed expansion into centralized production and legal action against CEO Lee Marcum for alleged securities violations. Marcum’s other companies also filed for bankruptcy the same day.

31 October 2025

Bankruptcy·NYSE:ONB

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

New Fortress Energy is weighing a U.K. “scheme of arrangement” to restructure about $9 billion in debt, aiming to avoid U.S. Chapter 11 bankruptcy. Shares plunged 8% Wednesday, extending a 90% year-to-date drop, as investors reacted to mounting bankruptcy fears. Moody’s downgraded NFE to Caa1 in March, citing weak liquidity and high leverage. Bondholders have organized to negotiate as the company seeks a global debt deal.

29 October 2025

Bankruptcy·Energy·NASDAQ:NFE·Stock Market

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

CandyWarehouse.com, Inc. filed for Chapter 11 bankruptcy in Sugar Land, Texas, on Oct. 24, listing $100,000–$500,000 in assets and $1–$10 million in liabilities. The filing comes days before Halloween as cocoa prices surge and U.S. candy demand shifts. A court hearing is set for Oct. 29 on motions to keep the business running during restructuring.

28 October 2025

Bankruptcy·NASDAQ:AMZN·NASDAQ:MDLZ·NYSE:HSY

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

Jefferies Financial Group shares dropped over 10% on Oct. 16 to $48.80, extending a month-to-date loss of about 25% after revealing $715 million in exposure to bankrupt First Brands Group. Multiple law firms launched probes into possible investor misstatements. Executives insist losses are manageable and called the selloff “overdone.” The decline came as other U.S. banks reported credit issues, fueling sector-wide concerns.

17 October 2025

Bankruptcy·NYSE:JEF·Stock Market

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

Abuelo’s Mexican Food Embassy filed for Chapter 11 and closed 24 locations, joining El Burro Loco, On The Border, Rubio’s Coastal Grill, and Tijuana Flats in a wave of bankruptcies among U.S. Mexican restaurant chains since 2024. Industry reports cite falling sales, rising costs, and changing consumer habits as key factors. Chipotle’s stock fell 13% in July 2025 after weak sales. Restaurant menu prices rose nearly 4% year-over-year by August 2025.

12 October 2025

Bankruptcy·NASDAQ:CMG·Restaurant Industry

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

First Brands Group, supplier of TRICO wipers and FRAM filters, filed for Chapter 11 bankruptcy on Sept. 28, 2025, listing $10–$50 billion in liabilities and $1–$10 billion in assets. The collapse exposed nearly $2 billion in hidden debt and up to $2.3 billion missing from supply-chain financing. Jefferies Financial Group faces $715 million in exposure, with its shares down 14% in a week. A court probe is underway into possible misconduct.

9 October 2025

Bankruptcy·NYSE:AZO·NYSE:JEF·NYSE:WMT

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

First Brands Group filed for Chapter 11 bankruptcy in Texas on Sept. 28, listing $10–$50 billion in liabilities and $1–$10 billion in assets. The company secured $1.1 billion in DIP financing to keep U.S. operations running, while international business continues. Creditors include major banks and hedge funds, with $866 million in supply-chain finance claims now at risk. First Brands’ debt values collapsed in the week before the filing.

30 September 2025

Bankruptcy·Stock Market

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

Wolfspeed shares surged over 1,100% on Sept 29, hitting an intraday high near $19.80 after the company executed a massive reverse split and share exchange as part of its Chapter 11 restructuring. Trading was repeatedly halted for volatility. The bankruptcy plan, confirmed Sept 8, slashes debt by about 70% and cancels old shares, with new shares issued at a 1-for-120 ratio.

29 September 2025

Bankruptcy·NASDAQ:WOLF·Stock Market

BREAKING: Icelandic Budget Airline PLAY Abruptly Shuts Down – Thousands Stranded, 400 Jobs Lost

PLAY Airlines ceased all operations without warning on Sept. 29, 2025, cancelling all flights and stranding thousands of passengers. The airline blamed financial losses, weak ticket sales, negative press, and staff disputes. About 400 employees lost their jobs. Icelandair and other carriers are offering rescue fares for affected travelers.