Jonathan Randles

Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that

Spirit Aviation is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.

Bankrupt auto-parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced advisers are charging, federal officials argued in a court filing.

Watchdog Points to Lower Costs to Wind Up Bankruptcy (greenleaf123/Getty Images) [Stay on top of transportation news: Get TTNews in your inbox .]

Batman is being held hostage in a Mississippi warehouse. So, too, are James Bond, Doctor Who and Cruella de Ville. Not even pop culture’s grumpiest cat, Garfield, can escape.

Nearly a year after Manhattan Country School went bankrupt and closed, its former campus has found a potential buyer in an up-and-coming school that offers what it refers to as a Classical Christian education.

The bank is owed about $7 million from a company whose assets are languishing in a Mississippi warehouse

The US government has joined the line of creditors impacted by alleged fraud at bankrupt autoparts maker First Brands, in this instance for accusations the company cheated on how much it should have paid on tariffs.

First Brands was hit with a formal claim for $285.5 million related to allegations that it underpaid levies on parts imported from China.

Tariffs, rising rates and higher oil prices have haunted Trinseo on its way to bankruptcy