Is Global Eagle Entertainment out of business?
— Global Eagle Entertainment, a provider of media services and satellite Wi-Fi to aircraft, boats and remote locations, has exited Chapter 11 bankruptcy. It collapsed into bankruptcy after the pandemic significantly reduced airline and cruise line activities.
What does Global Eagle Entertainment do?
Global Eagle is a leading provider of satellite-based broadband connectivity, television and entertainment services, content and data analytics to aviation, maritime, enterprise and government markets.
Who owns Global Eagle Entertainment?
Global Eagle Entertainment Inc./Parent organizations
What airlines use Global Eagle Entertainment?
Aviation represents Global Eagle’s core market segment. It counts Air France, Norwegian, Southwest Airlines and Turkish Airlines as customers.
How does a Chapter 7 work?
Background. A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
What is anuvu?
Anuvu is the leading provider of high-speed connectivity and entertainment solutions for demanding worldwide mobility markets. GIS has been a subsidiary of Anuvu since 2015.
What do you lose when you file Chapter 7?
Filing Chapter 7 bankruptcy wipes out most types of debt, including credit card debt, medical bills, and personal loans. Your obligation to pay these types of unsecured debt is eliminated when the bankruptcy court grants you a bankruptcy discharge.
What is the income limit for filing Chapter 7?
If your annual income, as calculated on line 12b, is less than $84,952, you may qualify to file Chapter 7 bankruptcy. If it’s greater than $84,952, you’ll have to continue to Form 122A-2, which we’ll review in the next section.
Will I lose my car and house in Chapter 7?
Chapter 7 bankruptcy allows you to keep your home if 1) you are current with your mortgage payments when you file for bankruptcy, and 2) your state laws approve of the bankruptcy exemption. Regarding your automobile, most chapter 7 cases allow you to keep the vehicle if you are current with payments.
Do I still own my home after Chapter 7?
Chapter 7 Won’t Help You Keep a Home If You’re Behind on the Mortgage. If you are in arrears or facing foreclosure, Chapter 7 doesn’t provide a way for you to catch up. So, unless you can negotiate something with your lender independently from the bankruptcy, you will most likely lose your home.
Why is Chapter 13 a bad idea?
Chapter 13 Is Likely to Worsen Your Finances When your Chapter 13 case is dismissed, you are often in a far worse financial position. That’s because the interest on your unpaid debts has continued to mount as you’ve struggled to make payments. And once you’re out of bankruptcy protection, you have more debt than ever.
What is the income limit for filing Chapter 13?
To be eligible to file for Chapter 13 bankruptcy, an individual must have no more than $419,275 in unsecured debt, such as credit card bills or personal loans. They also can have no more than $1,257,850 in secured debts, which includes mortgages and car loans.
What kind of services does Global Eagle offer?
About us. Global Eagle is a leading provider of satellite-based broadband connectivity, television and entertainment services, content and data analytics to aviation, maritime, enterprise and government markets.
Who is the founder of the Global Eagle?
Global Eagle was founded in 2011 by former MGM CEO and chairman Harry Sloan and former CBS Entertainment president Jeff Sagansky. Pamela Chelin contributed to this report.
Why did Global Eagle Entertainment file for bankruptcy?
Global Eagle Entertainment, a leading provider of Wi-Fi and inflight entertainment, filed for bankruptcy on Wednesday, citing the pandemic as a driving force for its financial trouble.
What kind of media does Global Eagle use?
Global Eagle offers a fully integrated portfolio of rich media content and high-speed connectivity solutions for airlines, private jets, cruise lines, commercial ships, super-yachts, ferries, enterprise, government and military installations worldwide with proprietary performance-enhancing technologies and exclusive access to premium media.