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WSJ Pro Bankruptcy: Spirit Airlines Files for Second Bankruptcy in a Year
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Spirit Airlines has filed for bankruptcy for the second time in a year after an earlier reorganization failed to put it on stable financial ground, WSJ Pro Bankruptcy reported. The discount airline said on Friday that it needs to slash costs and make sweeping changes to its business as it grapples with flagging travel demand and challenges to the no-frills business model it once pioneered. READ MORE
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New Insights from the Rise of Private Credit
How could the ongoing growth of private credit impact borrowing, investing, and lending strategies? Explore the insights in this deep dive from SRS Acquiom, including the latest data from 2025. Explore the Insights
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 | | Editor's Picks |
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Justice Department Announces Acting Director of the U.S. Trustee Program
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Attorney General Pamela Bondi has selected Ramona D. Elliott to serve as Acting Director of the Justice Department’s U.S. Trustee Program (USTP), the Justice Department announced on Friday. Elliott has 31 years of federal service, the majority of which has been with the USTP. Since 2011, she has served as Deputy Director and General Counsel for the Executive Office for U.S. Trustees in Washington, D.C. READ MORE
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Houston Rebounds in Big Bankruptcies After Ethics Scandal, Trailing Delaware
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Houston’s bankruptcy court has regained ground as the destination of large chapter 11 bankruptcy cases over the past year, recovering from a dip in filings that followed an ethics scandal the year before. The U.S. Bankruptcy Court for the Southern District of Texas handled 29% of corporate chapter 11 filings with liabilities of $100 million and above in the 12 months ended June 2025, up from 15% in the previous 12-month period, WSJ Pro Bankruptcy reported. READ MORE
Want to gain expert insight into current bankruptcy trends for both businesses and consumers? Don't miss Friday's abiLIVE webinar that will provide a snapshot of current filings and perspectives on where they may be headed. Register for FREE!
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Buffalo Diocese Bankruptcy Case Shows More Progress, But Abuse Survivors Still Wonder When It Will End
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The Buffalo (N.Y.) Diocese’s chapter 11 bankruptcy case finally appears to be showing some light at the end of the tunnel, the Buffalo News reported. Now more than 5½ years old, the case will likely still end up being the lengthiest bankruptcy proceeding ever for a U.S. Catholic diocese. But a pair of insurance carriers agreeing to pay $122.5 million into a growing settlement trust for child sex abuse victims was a significant step toward the Buffalo Diocese’s goal of exiting bankruptcy with a global settlement that would protect parishes and other related Catholic entities from abuse lawsuits. READ MORE
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 | | Upcoming Events |
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Navigating the Complexities of Retirement Plan Terminations
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abiLIVE Webinar
September 4
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Bankruptcy 2025: Views from the Bench
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The National Press Club
September 26 | Washington, D.C.
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 | | Daily Roundup |
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Saks CMBS Loan Sent to Troubleshooter Ahead of Refinancing
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The maturing loan behind a pair of commercial-property bonds tied to Saks Global Enterprises was transferred to a workout specialist last month and given a 60-day extension, as the struggling retailer lines up new financing, Bloomberg Law reported. There’s about $546 million remaining on the loan, which is divided across two separate commercial mortgage-backed securities that were sold in 2015. (Subscription required.) READ MORE
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Fed Announces New Capital Levels for Large Banks, Morgan Stanley Appealing Result
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The U.S. Federal Reserve announced on Friday that it had finalized new capital levels of the nation's largest banks following the June stress tests, although it added that Morgan Stanley is seeking reconsideration of its upcoming capital level, Reuters reported. The central bank added that the new capital requirements, which take effect on Oct. 1, would be updated should the Fed adopt a proposal to average the results of two years of stress tests. READ MORE
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U.S. Regulators Cancel Bank Exams as Trump Rollback Gathers Pace
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In recent months, the Office of the Comptroller of the Currency, the Federal Reserve, and the Consumer Financial Protection Bureau have postponed, scaled back or canceled bank exams, Reuters reported. The new, lighter approach mostly applies to non-core banking issues, such as reputational risk, climate change risk, and diversity and inclusion. READ MORE
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Crypto Companies Snag $1.8 Billion from Investors in August
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Sixty-five crypto companies raised more than $1.8 billion this month, according to DefiLlama data. August saw $1.8 billion in raises, down from $2.7 billion in July. That brings the total funding to nearly $15 billion in the first eight months of 2025, outpacing 2024’s total by over $4 billion. READ MORE
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Consumer Spending Strong; Core Inflation Warmer on Services
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U.S. consumer spending increased by the most in four months in July while services inflation picked up, but economists did not believe strong domestic demand would prevent the Federal Reserve from cutting interest rates next month against a backdrop of softening labor market conditions, Reuters reported. READ MORE
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