💥PETITION💥

Irreverent financial market analysis/commentary with a focus on chapter 11 bankruptcy, restructuring & distressed investing. DYOR. NF-or-legal-A. Subscribe 👇

[💥PETITION💥 @petition]

Strongly considering starting a subreddit called "WallStreetDebts" to discuss:

📍Independent directors who are clearly not independent
📍PE shops' shameless div recaps and financial pillaging of balance sheets
📍Sh*tty lawyers who violate ethics on the reg.
📍Arrogant judges

[💥PETITION💥 @petition]

We agree with this 👇 statement very very much.

[Nancy Rapoport @NancyRapoport]

Worth a read: 💥The Horror of Bankruptcy Fees💥, by @petition https://t.co/VtfOxqC7lD

[💥PETITION💥 @petition]

@HighyieldHarry No

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Which one? The one on the left or the one on the right?

[BankingSlut @bankingslut]

This is the guy who writes the Petition newsletters

[💥PETITION💥 @petition]

Wondering why $QVCPQ, the preferred shares of QVC have been like 🚀 over the past week. You can catch up on our multi-part coverage. QR code 👇 for your convenience.

[💥PETITION💥 @petition]

Andreessen Horowitz dropping this puppy on the same day $COIN cuts headcount by 14% citing AI acceleration is *chef's kiss*.

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@DasWreck Johnny already wiped his ass with those, sorry.

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Spirit Airlines' fate was f*cking savage. It projected $1.1b of EBITDAR by '30.

[💥PETITION💥 @petition]

🎯

[Avi @AviFelman]

For those that don't understand what happened here, the reporters asked a very stupid question. Ryan clearly stated that the transaction was going to take place using 50% cash 50% equity. We will need about ~55b to purchase Ebay so follow the math here.

Gamestop has ~$9b on its balance sheet and a soft commitment of ~20b from a lender. So we're at ~29b. so for the rest Ryan is pledging the entire market cap of GME (~10b). That brings us to 39b total.

From there, Ryan is going to sell his body on onlyfans, pray to god and beg the Ebay executives to "just take the deal man". That brings us to the total price of ~55b. The reporters are dishonest, fake news media strikes again.

[💥PETITION💥 @petition]

@DasWreck And Kevin Eckhardt.

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Maybe the US government ought to consider a liability management exercise. Or at least some performance improvement consultants.

[💥PETITION💥 @petition]

Check it: https://t.co/oryuULv0Uh

[💥PETITION💥 @petition]

Did you catch today's a$$-kicking briefing about pref and common shareholders pushing for a committee in the QVC chapter 11 bankruptcy? $QVCAQ $QVCPQ

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@MikeFritzell - PETITION - the best and most reasonably priced restructuring/bankruptcy outlet (⭐)

[💥PETITION💥 @petition]

Moody's once again with an obvious take about private credit.

[💥PETITION💥 @petition]

🤔

[litigation_god @GodLitigation]

The funniest part of the Sullivan & Cromwell AI hallucination story is everyone pretending it's about technology. It's not. It's a cry for help about the fact that we built a legal industry where "work-life balance" is a poster in the break room and the robot is the only thing offering actual help. The sanctions order should require a therapist and a week in Maui.

[💥PETITION💥 @petition]

@DavidDTawil There was a recent FT article about how firms will raise rates because clients keep sending their AI-slop-based questions, increasing the volume of interactions and time spent.

Not a joke.

[💥PETITION💥 @petition]

Every law firm is talking about using AI (Harvey mostly). Some clients are actively requiring it in ELs. This was bound to happen and at least S&C owned it. Every other lawyer at a big law firm pointing 👉at this right now is in a glass house.

[Kevin Eckhardt @DasWreck]

Bahahah somebody getting fired

[💥PETITION💥 @petition]

Related to the S&C fiasco.

[The Kobeissi Letter @KobeissiLetter]

AI adoption is surging among US employees:

50% of employed American adults used AI in their role at least a few times in Q1 2026, up from 46% in Q4 2025, according to a Gallup survey.

This percentage has more than DOUBLED over the last 3 years.

Furthermore, 13% of surveyed employees used AI daily last quarter, while 28% used it at least a few times a week.

Meanwhile, 27% of employees in AI-adopting organizations reported their workplace has changed in disruptive ways over the last year.

AI usage among the American workforce is accelerating.

[💥PETITION💥 @petition]

Every house with a debt capital markets or restructuring lawyer in it right now.

[💥PETITION💥 @petition]

@lns123065 https://t.co/URY7Btxn4C

[💥PETITION💥 @petition]

You’re gonna start seeing hedge funders and bankers with law degrees go back to big law. It’s a complete paradigm shift with $80mm/3-year pay packages.