Brightline Parent Entities File Chapter 11 as Miami-Orlando Rail Service Keeps Running
Updated
Updated · Quartz · Sep 25
Brightline Parent Entities File Chapter 11 as Miami-Orlando Rail Service Keeps Running
3 articles · Updated · Quartz · Sep 25
Summary
Certain Brightline parent entities filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey on Friday under a debt-restructuring plan.
The filing follows a restructuring support agreement with key financial stakeholders, aimed at reorganizing the company’s debt.
Brightline said Brightline Trains Florida LLC—the unit operating passenger service between Miami and Orlando—is not part of the bankruptcy filing.
That carveout means trains on the Miami-to-Orlando route will continue operating while the parent-level restructuring moves through court.