View Poll Results: Will the court approve the ch11 exit plan?
Yes. The bond holder’s support makes all the difference
62
48.06%
No. The execs even stated they have serious doubts about this plan even working
67
51.94%
Voters: 129. You may not vote on this poll
Will this judge approve NK’s exit plan
12-20-2024 | 03:52 PM
#11
Line Holder
Joined: Feb 2019
Posts: 1,226
Likes: 29
From: baller, shot caller
The screwing has already been done...it's over for shareholders
12-21-2024 | 03:50 AM
#13
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
Party City folding
https://finance.yahoo.com/news/party-city-going-business-174343913.html
hey guys, I posted this on the other thread but just really wanted to spread the word.
Party City just announced they are folding after being in and out of bankruptcy.
Read the news article and read some of the details about the bankruptcy and how scary some of the similarities are between Spirit and Party City. (in regards to how they are navigating the bankruptcy.)
hey guys, I posted this on the other thread but just really wanted to spread the word.
Party City just announced they are folding after being in and out of bankruptcy.
Read the news article and read some of the details about the bankruptcy and how scary some of the similarities are between Spirit and Party City. (in regards to how they are navigating the bankruptcy.)
12-21-2024 | 04:38 AM
#14
Gets Weekends Off
Joined: Feb 2018
Posts: 201
Likes: 0
https://finance.yahoo.com/news/party-city-going-business-174343913.
html
hey guys, I posted this on the other thread but just really wanted to spread the word.
Party City just announced they are folding after being in and out of bankruptcy.
Read the news article and read some of the details about the bankruptcy and how scary some of the similarities are between Spirit and Party City. (in regards to how they are navigating the bankruptcy.)
html
hey guys, I posted this on the other thread but just really wanted to spread the word.
Party City just announced they are folding after being in and out of bankruptcy.
Read the news article and read some of the details about the bankruptcy and how scary some of the similarities are between Spirit and Party City. (in regards to how they are navigating the bankruptcy.)
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
12-21-2024 | 07:35 AM
#15
It's 5 o'clock somewhere
Joined: Oct 2020
Posts: 2,671
Likes: 17
Name checks out.
12-21-2024 | 07:57 AM
#16
Line Holder
Joined: Feb 2019
Posts: 1,226
Likes: 29
From: baller, shot caller
See Big Lots too. Sale lease back a bunch of stores, Ch 11 bankruptcy, put up the $200M HQ as collateral for debt financing, supposed to swap debt for equity with creditors and get more financing, CEO cheerleading the whole time...now liquidating.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
If we went ch7 the lessor would have so many busted NEOs just sitting around for the next couple years. What airline would want to mess with that?
Also half of our HQ is the training center, which I doubt many industries outside of the airlines would have much use for that kind of building layout.
12-21-2024 | 01:05 PM
#17
Line Holder
Joined: Dec 2022
Posts: 1,372
Likes: 141
Spirit declare “BUNKRUPTCY!!!!1!” (Chapter 11) to wipe out all the people holding the stock. (Common folk)
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
12-21-2024 | 01:09 PM
#18
Line Holder
Joined: Dec 2022
Posts: 1,372
Likes: 141
I don't see this as a fair comparison. A leased building can be repurposed for pretty much anything, so the playing field is massive. What used to be a Big Lots where I live is already in the process of being turned into a gym, and this was pretty much done overnight.
If we went ch7 the lessor would have so many busted NEOs just sitting around for the next couple years. What airline would want to mess with that?
Also half of our HQ is the training center, which I doubt many industries outside of the airlines would have much use for that kind of building layout.
If we went ch7 the lessor would have so many busted NEOs just sitting around for the next couple years. What airline would want to mess with that?
Also half of our HQ is the training center, which I doubt many industries outside of the airlines would have much use for that kind of building layout.
12-22-2024 | 06:50 AM
#19
Thread Starter
Line Holder
Joined: Oct 2010
Posts: 1,499
Likes: 0
See Big Lots too. Sale lease back a bunch of stores, Ch 11 bankruptcy, put up the $200M HQ as collateral for debt financing, supposed to swap debt for equity with creditors and get more financing, CEO cheerleading the whole time...now liquidating.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
12-23-2024 | 09:35 AM
#20
On Reserve
Joined: Jul 2018
Posts: 151
Likes: 21
See Big Lots too. Sale lease back a bunch of stores, Ch 11 bankruptcy, put up the $200M HQ as collateral for debt financing, supposed to swap debt for equity with creditors and get more financing, CEO cheerleading the whole time...now liquidating.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
Cherry on top - Low income consumers reduced spending listed as a factor
Good luck to us.
alienate your customer base and that’s what happens.
seems like spirit is on the same path.
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