Bankruptcy/Liquidation

Spirit Airlines says most customers refunded, staff returned to home bases after sudden shutdown

A Spirit Airlines aircraft sitting at Miami International Airport in Florida on May 2, 2026.

Airlines scramble to help stranded Spirit passengers after budget carrier collapses

A passenger makes her way near an empty bag drop and customer service counters for Spirit airlines at Logan Airport in Boston.

Spirit Airlines shuts down, industry’s first Iran war casualty

Spirit helped keep fares lower in markets where it competed against major carriers.

After waiting years for justice, many Purdue opioid victims are defeated — by paperwork

Mary Anne Blanton holds a photograph of her mother Tammy Blanton, who died of opioid use, in Peoria, Arizona, U.S., April 15, 2026. REUTERS/Caitlin O'Hara

End of an era?: US TV shopping network QVC to file for bankruptcy

Online shopping dramatically changed retail, and TV shopping channels were no exception.

Hin Leong founder O.K. Lim hospitalised 3 days before 13½-year jail sentence starts

Hin Leong founder O.K. Lim leaving the Supreme Court after the court hearing on March 4, 2026. Lim was sentenced in November 2024 for two counts of cheating and one count of abetting forgery.

Trapped in debt, with no way back: China weighs personal bankruptcy reform

China adopted an enterprise bankruptcy law in 2006, but it applies only to companies, not individuals.

Seoul’s ageing poor driven towards bankruptcy by living costs

Most of the debt stemmed from basic living expenses.

Nanyang Optical closure: Other eyewear retailers offering help to affected customers, staff

Lenskart Singapore has asked to be connected with affected retail staff, opticians and optometrists.

Home-grown eye-care chain Nanyang Optical calling it quits after 65 years

At its peak in 2017, Nanyang boasted 16 outlets across the island and became known for offering a wide range of eyewear options for all budgets.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.