Declaring bankruptcy can offer big relief to those buried by debt, but do debt collectors get paid in the process?

The Denver-based low-cost carrier said its combination with the Dania Beach, Florida-based Spirit would create a stronger low ...

Discount carrier says a merger would be a better path out of bankruptcy for Spirit, which has rebuffed the latest proposal.

(Reuters) - Spirit Airlines on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with ...

The retailer used Chapter 11 to shed nearly $88 million in debt and will go forward as a privately held company owned by its ...

Spirit Airlines said on Wednesday it has rejected a bid from rival Frontier Group as it was not favorable for the low-cost ...

The two budget carriers had been discussing a combination for months, with Spirit rejecting a post-Chapter 11 proposal as ...

Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded ...

The small town of Cle Elum, Washington is one step closer to declaring bankruptcy after a special meeting and vote by its ...

Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or ...

The restructuring deal is expected to preserve about 3,800 jobs and erase tens of millions of dollars in debt — but it would ...