Spirit pilots appeal to lenders to back airline’s overhaul in bankruptcy, reject liquidation

Spirit’s unionized pilots have publicly urged the airline’s major lenders to back the company’s Chapter 11 bankruptcy ...
JD Supra

Florida Bankruptcy Court: Proposed DIP Financing and Sale Framework for Administratively Insolvent Debtors Did Not Violate Jevic's Prohibition of Priority-Deviating Distributions

The U.S. Supreme Court ruled in Czyzewski v. Jevic Holding Corp., 580 U.S. 451 (2017), that the Bankruptcy Code prohibits final distributions to creditors that deviate from the Bankruptcy Code's ...