
Reviving Giants
Why Liability Maneuvers Fail: Judge Kaplan on Spirit Airlines, Rite Aid, and Overleveraged Giants
<p>In this episode, we sit down with Hon. Michael B. Kaplan of the District of New Jersey to go inside the rarely seen world of bankruptcy from the judge’s chair. Drawing on years of overseeing high-profile Chapter 11s and small consumer cases, Judge Kaplan talks through what actually happens in those “first day” hearings, why so many liability management deals and quick restructurings fall short, and how often operational problems get ignored in favor of balance-sheet fixes. The conversation explores the human side of the work: what it’s like to carry the weight of decisions that affect jobs, co...



