Category: Uncategorized

Budget carrier Spirit Airlines has filed for Chapter 11 bankruptcy, the airline announced on Monday.

Spirit Airlines has faced years of mounting financial losses, a failed merger, and changing consumer expectations.

In a statement early Monday, the airline announced it had reached a prearranged agreement with its bondholders, which includes $300 million in debtor-in-possession financing to help it navigate the bankruptcy process. Spirit expects to emerge from bankruptcy by the first quarter of next year. The airline also assured that its vendors and aircraft lessors would not be affected. In a court filing, Spirit listed its assets and liabilities as being between $1 billion and $10 billion.

Despite the filing, Spirit emphasized that operations would continue as usual, and customers could still book flights.

“The most important thing to know is that you can continue to book and fly now and in the future,” Spirit CEO Ted Christie wrote in a letter to customers. He added that customers could use tickets, credits, and loyalty points without disruption.

What Is Chapter 11 Bankruptcy and What Happens To The Company?

When a company files for Chapter 11 bankruptcy, it is essentially seeking reorganization under the protection of the U.S. Bankruptcy Code. Chapter 11 allows the company to continue operating while it restructures its finances and attempts to return to profitability. Here’s what typically happens when a company files for Chapter 11:

1. Automatic Stay

• Immediate Protection from Creditors: Once the Chapter 11 petition is filed, an automatic stay goes into effect. This halts most collection actions against the company, including lawsuits, foreclosures, and debt collection efforts. It gives the company a breathing period to reorganize without the pressure of creditors seizing assets or taking legal action.

2. Reorganization Plan

• Restructuring the Business: The company must propose a reorganization plan that outlines how it intends to repay creditors, reduce debts, and restructure its operations. This may involve:
  • Debt renegotiation (lowering amounts owed or extending repayment periods)
  • Selling assets or subsidiaries to raise capital
  • Cutting costs, which may include laying off employees or closing unprofitable locations
  • Renegotiating contracts with suppliers, lessors, and other business partners
• The plan is typically developed in collaboration with creditors, legal advisors, and sometimes a court-appointed trustee or committee. The company remains in control of operations as the debtor-in-possession (DIP) unless the court appoints a trustee.

3. Creditor Meetings and Voting

• The company must hold meetings with its creditors, who will be grouped into classes (e.g., secured creditors, unsecured creditors, and equity holders). These creditors will vote on the proposed reorganization plan.
• The plan can be modified and negotiated, and creditors can object to parts of it. The company must get approval from the majority of the creditors in each class, and the plan must be confirmed by the bankruptcy court.

4. Operational Continuity

• Unlike Chapter 7 bankruptcy, which involves liquidation, Chapter 11 allows the company to keep operating its business. For example, employees can continue working, and customers can continue making purchases. The company can also maintain existing contracts and vendor relationships, although some may be renegotiated.

5. Financial Reporting and Oversight

• During the bankruptcy process, the company must submit regular financial reports to the court and creditors. This helps ensure transparency and allows creditors to monitor how the company is progressing with its reorganization efforts.

6. Debtor-in-Possession (DIP) Financing

• Many companies that file for Chapter 11 seek DIP financing—a special form of financing provided by lenders during bankruptcy. This financing helps the company maintain liquidity and keep operating while it restructures. DIP financing often has priority over existing debt, meaning it must be paid back before other creditors.

7. Plan Confirmation and Exit

• If the reorganization plan is approved by creditors and the court, the company will move forward with implementing the plan. Once the company has completed the necessary steps—such as debt reductions or asset sales—it can exit bankruptcy.
• Upon exiting, the company may emerge with a significantly altered financial structure, potentially stronger and more focused on its profitable areas. In some cases, the company may remain in debt but on more manageable terms.

8. Failure to Reorganize

• If the company cannot reach an agreement with creditors, or if the reorganization plan is not feasible, it may be forced to liquidate its assets. This may result in filing for Chapter 7 bankruptcy, which involves the selling off of the company’s assets to pay creditors and winding down its operations.

Key Takeaways:

• Chapter 11 is for reorganization, not liquidation. The goal is for the company to return to profitability and pay off its debts over time.
• The company stays in control of operations (unless the court appoints a trustee).
• Creditors are given the opportunity to vote on the reorganization plan, which must be approved by the court.
• DIP financing can help the company remain operational during the process.

This process is often used by large corporations that have significant debts but still have the potential to turn things around, rather than shutting down completely. It’s also frequently used by businesses that need time to negotiate with creditors, restructure, and emerge as a more viable entity.

One of the most fun experiences you can have in New Orleans is if you visit one of its oldest establishments: the strip club.

Everybody may think that all the fun adult clubs are on Bourbon Street, and the notable tourist spots certainly hold their own, but some of the best strip clubs are located elsewhere in the city. Keep reading and we’ll show you.

Here Are The Best Strip Clubs In New Orleans

If you enjoy great music, stiff drinks and curvy ladies, you’ll want to plan a visit to one of those go-to strip clubs when travelling to New Orleans.

Visions Men’s Club

4000 Downman Rd. New Orleans, 70126

Heres’s what one customer says about Visions Men’s Club. “fun club, awesome ambiance, and hot dancers – i’m in love with Violet! what a smokeshow – she made me feel right at home.”

Larry Flynt’s Hustler Barely Legal Strip Club

423 Bourbon St, New Orleans, LA 70130 | (504) 571-6340

Here’s what one customer says about Larry Flynt: “My girlfriend and I spent a few hours here last night. Employees were great, girls were talented, gorgeous and super sweet.
Shout-out to Brielle. You made my girlfriend’s night (and mine too).”

Showcase Gentleman’s Club

 1915 N Broad St, New Orleans, LA 70119 |  (504) 940-5022

Here’s what one customer says about Showcase. “ Great gentleman’s club I had a blast at my birthday party there great great time thanks.”

The Penthouse Club

727 Iberville St, New Orleans, LA 70130 | (504) 524-4354

Here’s what one patron says about the Penthouse Club. “The most beautiful and classy club that anyone could have the pleasure of visiting. The women and the atmosphere are incomparable and it is truly a magical place with the best reputation in New Orleans. First class experience is always provided to those that can afford it, and I’ve never had a better time in a club environment such as this. Literal models everywhere, so much talent and beauty. Need I say more?“

She She’s

9000 Chef Menteur Hwy # M, New Orleans, LA 70127 |  (504) 241-0380

Here’s what one customer says about She She’s: Better than the places on bourbon where you can’t touch anything i seen alot of beautiful women on 2$ Tuesday no lap dances was 2$ but drinks was didn’t really have 1 i got singles from the bar though i would say a couple girls was a little pushy saying to get more money from the ATM but for the most part if you threw 1 dollar they would say thank you i seen dances was 40 3 for 90 and slow day alot of them were at the bar not really coming to you unless you go talk to them or throw money on the stage loved the darkskin chick with th

Hunk-O-Mania

940 Elysian Fields Ave, New Orleans, LA 70117 | (504) 324-2397

Here’s what one woman says about Hunk-O-Mania: “I booked the VIP table at this place for my sister’s Bachelorette party and it was worth EVERY PENNY! The men are so sweet and consent kings! They always asked before doing anything wild (like picking you up in the air) and they were extremely HOT!!”

Rick’s Cabaret

315 Bourbon St, New Orleans, LA 70130 | (504) 524-4222

Here’s what one customer says about Rick’s Cabsret. “ Best adult club on Bourbon, beautiful women, and friendly staff. Everyone was having fun. I don’t typically go to men’s clubs but this was worth making an exception.”

Final Word

Are you searching for a way to have some adult fun in the New Orleans? The strip club scene in the city Is one you might not be as familiar with. Don’t worry, you can learn quick around here.

If you just want an agency to take you to all the top strip clubs, you can’t go wrong with Stripper King.

Here’s what one reviewer says about Stripper King: “My first time in Nola required that I have the best time I could possibly have. My group told me to use Stripper King to find out which strip clubs in town were the ones that I should be going to. The customer service was great and we had the best time. Thank you so much.”

Strip clubs are just one way to have a good time in New Orleans. The city has a top-notch restaurant scene and beautiful parks you can visit.

More From NolaFi.com:

• Here Are The Best Concert Venues In New Orleans
• Who’s Got The Best Gumbo In New Orleans?
•  Is It Safe To Travel To New Orleans Right Now?

Recent research conducted by personal injury attorneys at Premier Law Group has revealed that Louisiana is ranked as the most stressful state for work, receiving a score of 73.8 out of 100.

In contrast, Minnesota is identified as the least stressful state with a score of 32.6.

The study analyzed workplace data from the Bureau of Labor Statistics (BLS) and the Census Bureau, assessing various factors that contribute to overall working conditions, including average hourly earnings, working hours, injury rates, unemployment rates, commute times, and the availability of remote work.

States with the Highest Workplace Stress

Louisiana tops the list for workplace stress with a score of 73.8. This state records the longest average workweek in the nation, with employees working an average of 36.5 hours per week.

The average hourly wage stands at $28.98, which is 14.3% below the national average. Only 6.2% of workers in Louisiana have the option to telecommute.

Commuters face an average travel time of 26 minutes to reach their workplaces, and the state’s unemployment rate is at 3.9%. Furthermore, Louisiana has a fatal work injury rate of 6.4 per 100,000 workers, which is 32.7% higher than the national average.

West Virginia ranks second for the most stressful workplaces, scoring 71.1. The state has an injury rate that is 58.1% higher than the U.S. average, at 6.8 per 100,000 workers, and offers the second-lowest hourly earnings, at $28.66. Unemployment is 13% above the national average, and 6.9% of employees have the option to work from home. Workers also work an average of 35.3 hours per week. 

Mississippi, with a score of 69.2 out of 100, places third in the study. The state has the lowest percentage of employees working from home at just 4.5% and offers the lowest hourly wages at $26.74. Additionally, Mississippi has the third-highest injury rate in the U.S., with 6.9 incidents per 100,000 workers. 

Rounding out the list of the most stressful states, Kentucky ranks fourth with a score of 64.1, followed by Nevada at 61.6, Arkansas at 58.7, Texas at 58.5, South Carolina at 57.9, New Mexico at 56.2, and Tennessee at 56.0. 

States Where Stress at Work is Lowest 

Minnesota leads the rankings for the least stressful workplaces, scoring 32.6 out of 100. The state averages a workweek of 33 hours and an hourly wage of $37.51, which is 13.1% above the national average. Additionally, 13.6% of employees work from home, while those who commute average just 23.3 minutes. The unemployment rate is 3.2%, and Minnesota has a notably low fatal work injury rate of 2.8 per 100,000 workers—53.5% lower than the national average. 

• Things To See and Do in New Orleans
• Where To Hang Out In the Crescent City
• Is It Safe To Travel To New Orleans?

Finding a job is hard enough in these hard economic times. Amid sifting through job applications, you also have to worry about getting scammed. So how can you protect yourself?

The first thing you need to do is look for signs that the job listing or posting is bogus.

Protecting yourself against job scams is essential in today’s job market, no matter if you’re looking for an high-paying side job or full-time employment.

In this article, we’ll go over some job scams that job seekers need to be aware of. Here are some effective strategies:

Research the Company

Look up the company’s website, read reviews on sites like Glassdoor, and check their social media presence. Verify that they have a legitimate history.

Be Cautious of Red Flags

• Too Good to Be True: High salaries for minimal work or vague job descriptions can be warning signs.
• Poor Communication: Watch for unprofessional emails or inconsistencies in communication. poor grammar, spelling mistakes, or unprofessional email addresses can indicate a scam.

Verify Job Listings

Cross-check job postings on the company’s official website or trusted job boards. If the listing seems to be exclusively on less reputable sites, proceed with caution.

Legitimate employers do not ask candidates to pay for job applications, training, or supplies.

Ensure that communications come from official company domains (e.g., @companyname.com) rather than generic email providers (like Gmail or Yahoo).

If possible, request video interviews rather than phone calls. This can help you gauge the professionalism of the employer.

Trust Your Instincts

If something feels off or you feel pressured to make quick decisions, take a step back.

1. Ask Questions: Inquire about job responsibilities, company culture, and growth opportunities. Scammers often struggle to provide coherent answers.
2. Network: Reach out to current or former employees on professional networks like LinkedIn to gain insights about the company.

Report Suspicious Activity

If you encounter a suspected scam, report it to relevant authorities or job boards to help protect others.Offers that promise unusually high pay for minimal effort or experience should raise suspicion.

By staying vigilant and informed, you can significantly reduce your risk of falling victim to job scams.

Final Word

Scammers often create a sense of urgency to rush you into making decisions without proper research. Be wary if you’re asked to provide sensitive information (like Social Security numbers or bank details) early in the application process. Legitimate employers do not ask candidates to pay for job applications, training, or equipment.

More from NolaFi.com:

• Awesome Side Jobs Hiring in New Orleans
• How To Add a Resume on LinkedIn
• Take A Look At These Top Freelance Jobs
• These Companies Are Currently Hiring In New Orleans

When it’s Thursday, July 4, 2024, other known as the Fourth of July and that means all around New Orleans, Louisiana, it’s going to be a red, white and blue type of holiday.

You don’t have to be in New Orleans proper to enjoy the many things to see and do; surrounding cities will also be getting in on the fireworks!

Where Can I See Fireworks For July 4th In New Orleans?

In New Orleans, there are a few popular locations where you can watch fireworks on the Fourth of July. Here are some options to consider:

Go 4th on the River

This is one of the biggest Independence Day celebrations in New Orleans. The fireworks display takes place over the Mississippi River, with synchronized music played throughout the show. You can find a good viewing spot along the riverfront, such as Woldenberg Park, the Moonwalk, or the French Quarter riverfront.

Crescent Park

Located in the Bywater neighborhood, Crescent Park offers a beautiful view of the Mississippi River. You can walk along the park’s scenic trails and find a spot to watch the fireworks.

Algiers Point

Algiers Point is a neighborhood on the west bank of the Mississippi River, across from the French Quarter. It offers a panoramic view of the city skyline and the river, providing a great vantage point for fireworks. You can access Algiers Point by taking the Algiers Ferry from Canal Street.

City Park

City Park is a large park in New Orleans, and during the Fourth of July, they often host an event called “Go 4th on the Northshore.” It includes live music, food vendors, and a fireworks show at the end of the evening. Check the City Park website or local event listings for the most up-to-date information on this event.

Final Word

It’s important to note that you should be safe when going out in night in New Orleans or any other city. Keep your phone charged and on you at all times and let others know where you are.

Essence Festival of Culture is once again happening soon in New Orleans. This time, with all the star-studded celebrity performances and appearances, it hits different.

Everything You Need To Know About Essence Fest 2024

As always, you can expect tons of delicious food, great entertainment and some career advancement forums and workshops. It’s also one of New Orleans’ top festivals.

Held over Fourth of July weekend at the Caesars Superdome and throughout downtown New Orleans, this multi-day party named for its founder and sponsoring magazine combines high-octane music performances with inspirational speakers and provocative conversations about gender, race, culture, and art.

The popular event brings a slew of big names to New Orleans for large evening performances, intimate lounge shows, and DJ parties. By day, the Empowerment Experience spotlights dozens of speakers on thought-provoking topics such as religion, economics, and education. These are traditionally free.

Dozens of vendors have displays set up in different locations around the Superdome and park areas that are temporarily turned into outdoor markets. You can expect to see a variety of quality fine art and crafts from clothing and jewelry, to collectible paintings and sculptures. All art displays and demonstrations will represent the rich culture developed from all over the African Diaspora.

There is also a pre-party day of service where attendees join leaders from local nonprofits for a day dedicated to supporting New Orleans with a community project.

The Essence Expo Experience includes seminars and workshops on a wide range of topics including beauty and style as well as power and finance. Attendees can participate in live tutorials, free consultations, fashion and makeup presentations, and more.

Essence Festival was started in 1994 as a one-time event to celebrate the 25th anniversary of Essence, a magazine aimed towards African American women. The festival was so well-received, organizers decide to make it an annual event. It has evolved into the nation’s premier showcase for contemporary African American music and culture.

When Is Essence Fest 2024 Taking Place?

Held traditionally the Fourth of July weekend, this year’s Essence Fest will be no different. The event is scheduled to take place July 4-7, 2024.

What Musical Guests Will Be At Essence Fest?

Headliners include Janet Jackson, Charlie Wilson, and Birdman & Friends, who will also honor three decades of Cash Money Millionaires. Stay tuned for more on who’s performing.

Among the performers for Essence Fest this year are:

• Janet Jackson
• Charlie Wilson
• Birdman & Friends
• Usher
• D-Nice
• Victoria Monét
• Tank and The Bangas
• The Roots & Friends
• The Roots & Friends
• Busta Rhymes
• TGT
• SWV
• Ayra Starr
• Frankie Beverly & Maze
• Jacquees

How Much Does Essence Fest Cost?

The general festival admission is free, however it does cost to attend the Experiences.

• Kevin Hart comedy show — Buy tickets
• Weekend Concert Bundle — Buy tickets

You will have access to enter the Caesars Superdome, where you will be free to view Mainstage and Super lounge performances. Your ticket guarantees you a designated seat to view Mainstage performances. Super lounge performances are first come, first served. Tickets are required for entry into the Caesars Superdome.

Learn more.

Where To Stay For Essence Fest

New Orleans hotels are quickly filling up for Essence Fest. If you’re looking to book in New Orleans, here are some rates we’re seeing two weeks from the event:

• Bourbon Orleans Hotel — $484 a night
• Holiday Inn Downtown — $585 a night
• Hotel Mazarin — $385 a night
• La Pavillon — $302 a night
• The Roosevelt New Orleans — $502 a night

Final Word

As one of the top festivals in the city, Essence Fest always draws thousand of people to New Orleans, which helps the local economy.

The city draws more than 130 events a year, according to its Chamber of Commerce. Many of these events are conventions, but a good number are festivals as well.

More Articles:

• Where To Find Good Mexican Food In The Big Easy
• What To See And Do In New Orleans
•  Is It Safe To Travel To New Orleans Right Now?

it’s just about that time of year in New Orleans, when it’s time to boogaloo. The Bayou Boogaloo. features all the things you’d expect at a top New Orleans festival.

You’ll find great food, arts and crafts tents, boat races, and live music and more.

When Is Bayou Boogaloo in New Orleans?

This year, Bayou Boogaloo takes place on May 17-19, 2024.

Where Is the Bayou Boogaloo Held?

The Bayou Boogaloo is held along the banks of the Mississippi River. Because it’s expected to be crowded, you may be able to get in the water for a better view.

Hop on a kayak to make the experience even more enjoyable.

Both Canal Streetcar lines stop on Canal Street at Norman C. Francis Parkway, which is just a short stroll to the foot of Bayou St. John at Lafitte Street. Canal Streetcar: City Park / Museum + Cemeteries  Canal Street at Jefferson Davis Parkway.

How much does the Bayou Boogaloo cost? Early bird weekend passes are $20.24.

Bayou Boogaloo Music Lineup:

• GZA and the Phunky Nomads
• Nutty Professor with Chali N2a
• Morning 40 Federation
• Lez Zeppelin
• Afroman
• Quintron and Miss Pussycat
• Suplecs
• IFE and MORE.

See the full music lineup here.

Final Word

Festivals are a way of life in Nola. You can expect to indulge in many foods that New Orleans is known For, including Gumbo, Beignets and more.

Read about things to see and do in New Orleans.

More From NolaFi.com:

• What To See And Do In New Orleans
• Where To Buy Nice Suits In New Orleans
• Here Are The Latest Casting Calls In New Orleans