MIAMI, FL – May 18, 2026 – Bast Amron Founding Partner Jeffrey Bast was recently quoted in the Daily Business Review article, “Spirit’s Collapse May Open New Legal Front as Creditors Line Up,” which explored the legal and financial complexities surrounding Spirit Airlines’ ongoing liquidation and the creditor disputes that may follow.
The article examined how the airline’s wind down could create significant challenges involving creditor recoveries, asset sales, lease obligations, and potential litigation claims tied to the bankruptcy estate.
Jeff shared insight on the role debtor-in-possession financing may play as the liquidation process moves forward, noting:
“The key question is who will advance DIP financing to fund the liquidation. Whoever they are, the DIP lenders will have priority with last money in and first money out.”
The article also highlighted the challenges unsecured creditors may face as assets are liquidated and secured creditors assert priority rights. Discussing the likely path forward, Jeff explained:
“The debtor will sell what it can and abandon the rest to their secured creditors and lessors.”
As the piece explored the increasing importance of litigation claims in large bankruptcy matters, Jeff also noted how firms representing creditors can help maximize recoveries through strategic litigation efforts:
“This is where firms like ours can make a difference, aligning our interests with the creditors to investigate and prosecute these claims on a contingency fee basis.”
The article concludes by emphasizing that, while Spirit’s operations may be winding down, the legal battles surrounding the bankruptcy process may only be beginning.
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