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The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1] Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2]
Key takeaways. Small business bankruptcies are on the rise, with a 29% increase in Chapter 11 filings in September 2023 compared to September 2022
A 2020 investigation by the Houston Chronicle found that the school district's suspension rate increased dramatically during the first year of the takeover, and continued to increase to the point where students were suspended at a rate six times the average for Texas school districts. During the 2018-2019 school year, Beaumont ISD had a rate of ...
The Texas Higher Education Coordinating Board (THECB) is an agency of the U.S. state of Texas's government that oversees all public post-secondary education in the state. It is headquartered at 1801 North Congress Avenue in Austin. [1] THECB determines which Texas public four-year universities are permitted to start or continue degree programs.
Here are the 10 notable restaurant chains that filed for bankruptcy protection in 2024: Roti Mediterranean fast-casual chain Roti filed for Chapter 11 bankruptcy protection on Aug. 23.
The state has sixteen medical schools, [6] thirteen conventional and three Osteopathic programs. There are ten law schools, [7] which are accredited by the American Bar Association, including Southern Methodist University Dedman School of Law, Texas Tech University School of Law, and University of Houston Law Center.