Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts

Friday, May 1, 2026

Spirit Airlines after bailout fais: UPDATE


UPDATE: President Trump has said that it will not bail out Spirit Airlines at this time and it's likely the airline will shut down, making airport videos less entertaining.

Spirit Airlines is circling the bowl after a $500 million bailout deal went belly-up, leaving the budget airline teetering on the edge of oblivion.

The carrier couldn’t wrangle support from the Trump administration or its key bondholders because, surprise, everyone involved started bickering over terms. Asked about the mess on Friday, President Donald Trump said, “We’re looking at it,” adding, “If we can do it, we’d do it,” even as reports indicate operations could be winding down as soon as this weekend.

This no-frills flying clusterfrack could go dark as early as Saturday unless some Hail Mary deal materializes at the last second. Government aid talks cratered when the bondholders dug in their heels, and now Spirit’s got barely days of cash left. U.S. officials are watching closely while everyone holds their breath.

For the moment, Spirit is putting on a brave face, insisting it’s “operating as usual” and keeping flights running with crews focused on getting people where they need to go safely. A spokesperson wouldn’t touch the negotiations with a ten-foot pole.


If this thing actually folds, thousands of passengers who thought they were scoring rock-bottom fares are about to get a harsh lesson in airline karma. Spirit runs dozens of routes, hopping between places like Dallas-Fort Worth, Baltimore, Fort Lauderdale, Nashville, New Orleans, and Newark. Good luck if you’ve got a ticket booked.

This mess is unfolding while budget carriers everywhere are getting hammered by sky-high jet fuel prices fueled by global chaos. Those razor-thin margins that depend on selling seats for pocket change aren’t looking so clever anymore.

A trade group for low-cost outfits, including Spirit, just begged the Trump administration for $2.5 billion in short-term help, whining that the little guys are getting squeezed hardest even though they haul tens of millions of passengers a year. They claim it’s all about preserving competition and stopping more industry consolidation. Sure.

Spirit has already been through bankruptcy court twice since 2024, so this isn’t exactly their first rodeo. They’ve been scrambling for any lifeline, including government-backed cash. With talks stalled and the clock ticking, America’s most infamous flying discount bin is now one failed lifeline away from becoming a cautionary tale.

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Saturday, January 24, 2026

Mohammed Hijab declares bankruptcy after legal loss to Douglas Murray and The Spectator



In August 2025, Mohammed Hijab (his real name is Mohammed Hegab but he evidently wanted to show his Muslima feminine side), a prominent Islamic influencer and debater, lost a high-profile defamation lawsuit he brought against Douglas Murray and The Spectator magazine.

The case stemmed from a 2022 article by Murray that linked Hijab to inflammatory rhetoric during the Leicester riots (involving tensions between Muslim and Hindu communities). The High Court ruled in favor of Murray and The Spectator, finding the article "substantially true" and determining that Hijab had "lied on significant issues" in court, rendering his evidence "worthless."

Can you say "taqiyya" guys?  

His appeal was later rejected by the Court of Appeal in October 2025. 

As the losing party, Hijab was ordered to pay the defendants' legal costs, with estimates circulating around £670,000 to £850,000 (including his own fees and the awarded costs). On or around January 23, 2026, Douglas Murray publicly stated on X that Hijab had declared himself bankrupt following the failed case. Douglas was kind enough not to add that Hijab is mentally bankrupt as well.

This situation has been widely discussed and shared across X, with multiple posts referencing the bankruptcy filing as a direct consequence of the massive legal bill. Hijab has responded on X in threads (including quoting hadiths about spiritual "bankruptcy" on Judgment Day and questioning the enforceability of payments post-bankruptcy), but he has not denied the declaration itself.

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This development has drawn significant attention, mockery from critics, and commentary on the risks of unsuccessful libel actions in the UK (where losers like Hijab typically pay costs). 

Bankruptcy in such cases can limit immediate enforcement of debts but does not erase all obligations, and assets may still be pursued by an insolvency practitioner. 

The story highlights broader issues around free speech, press freedom, and the high costs of defamation litigation in the UK.


Thursday, April 17, 2025

With Biden gone, Hamas nears bankruptcy in Gaza: salaries halted and recruitment sucks



With American money drying up in Iran now that former alleged President Joe Biden has been put out to pasture, Hamas is feeling the pinch. The terror group is facing a severe financial crisis in the Gaza Strip and is unable to pay its terrorist scumwafers and government workers their blood wages. 

Israeli strikes and a halt in humanitarian aide [that had been stolen, sold and used by Hamas] has drained its resources officials and analysts say.

The dirtbags have been left nearly bankrupt following a series of Israeli assassinations of key political, military and administrative anti-Semites, as well as the suspension of aid deliveries that Hamas had stolen, diverted and resold for profit while US college cretins protest against Israel for not sending aide to their enemy, something that is unprecedented in war.

The crisis has disrupted the group’s operations and exposed growing dysfunction, with intelligence officials telling The Wall Street Journal that salary payments to many government employees have stopped. 

Boo hoo.

Even senior Hamassholes began receiving only half of their salaries during the holy month of Ramadan. Fighter's salaries, previously between $200 and $300 per month, have also been frozen, complicating recruitment efforts as the group braces for continued conflict.

Hamas’ financial troubles were first reported earlier this month by Asharq Al-Awsat, a Londonstahn-based Arabic newspaper. It described an “organizational vacuum” after Israeli strikes sent senior Hamassholes to their final destination: hell. This led to disrupted decision-making within the terrorist group.

Another boo hoo is in order.

Eyal Ofer, a researcher specializing in Gaza’s economy, estimated that Hamas still controls assets worth up to $3 billion. However, he said the group’s ability to distribute funds is severely limited as many brave terrorists are afraid to leave their holes.

Hamas traditionally uses couriers and designated cash distribution points in the territory—methods that are difficult to carry out under wartime conditions, especially by those who lied when they said they welcome death.

Before Hamas attacked Israel on October 7, 2023 and killed 1,200 Israelis and kidnapped 251, the group  received $15 million in monthly cash transfers from Qatar, no less, and raised additional funds from West Africa, South Asia and the United Kingdom, (a former British colony).

Qatar also maintained a $500 million reserve on behalf of the group. Much of that money is now believed to be in Turkey, according to Arab and Western officials. And while Hamas isn't getting the money in their dirty bloody hands, they can take comfort in the fact that these countries are as anti-Semitic as they are and might just try to courier the cash over to them somehow.

Shalom Hamas

Israel restricted cash transfers into Gaza at the start of the war. Palestinian officials told The Wall Street Journal that Hamas was involved in stealing $180 million from Bank of Palestine [not a real country] branches and other banks in Gaza. 

Hamas also taxed goods entering the Strip and merchants operating in local markets, using these tactics to generate income. Additionally, it used foreign cash to purchase goods abroad, which were then sold locally, allowing the terrorist group to bring cash into Gaza for its own use.

Despite these efforts, the scumcrumpets were nearing a liquidity crisis even before the latest ceasefire, which briefly allowed aid to resume before it was again suspended. “This is a major crisis for Hamas,” said Mumen al-Nator, a Jew-hating lawyer from central Gaza. “They were mainly dependent on aid, which was sold for cash on the black market.”

The financial pressure has been compounded by Israeli strikes targeting Hamas’ financial infrastructure.
 Among those killed was Saeed Ahmed al-Abed al-Khodari, the group’s top money exchanger and head of Al-Wafaq Exchange, which Israel designated a terrorist organization for its role in financing terror activities. The Israel Defense Forces said al-Khodari played a key role in transferring money to Hamas’ military wing, particularly during the war.

May their memories be a warning: with the help of the United States, the IDF will find you and kill you wherever you try to hide. You don't have a brain addled US President to depend on anymore.

Am Yisrael Chai!

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