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?

Criterion Pictures
Global Eagle Entertainment Inc./Parent organizations

What is anuvu?

Once Global Eagle, we are now Anuvu. We’re still leading the way in connectivity and entertainment for mobility markets, but now, we’re even better – with a transformation that’s designed to reflect it. Anuvu captures our vision; A new view of our world, and yours, for a future that’s brighter than ever.

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.

Under what circumstances would Chapter 11 be used rather than Chapter 7?

The main difference between Chapter 7 and Chapter 11 bankruptcy is that under a Chapter 7 bankruptcy filing, the debtor’s assets are sold off to pay the lenders (creditors) whereas in Chapter 11, the debtor negotiates with creditors to alter the terms of the loan without having to liquidate (sell off) assets.

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. It should be noted that every state has different median income calculations.

Does Chapter 11 wipe out debt?

17. What debts are discharged by a Chapter 11 discharge? The discharge received by an individual debtor in a Chapter 11 case discharges the debtor from all pre-confirmation debts except those that would not be dischargeable in a Chapter 7 case filed by the same debtor.

What happens to my bank account when I file Chapter 7?

In most Chapter 7 bankruptcy cases, nothing happens to the filer’s bank account. As long as the money in your account is protected by an exemption, your bankruptcy filing won’t affect it.

What if my income goes up after filing Chapter 7?

An Increase in Income During Chapter 7 The bankruptcy trustee will eliminate most if not all of your debts, and possibly sell some of your assets to pay debts. A trustee may not have any right to new income you earned after you file.

What is the income limit for filing Chapter 13?

To qualify for Chapter 13 bankruptcy: You must have regular income. Your unsecured debt cannot exceed $419,275, and your secured debt cannot exceed $1,257,850. You must be current on tax filings.

What was the acquisition of EMC by Global Eagle?

[Via Satellite 05-09-2016] In-Flight Entertainment and Connectivity (IFEC) provider Global Eagle Entertainment (GEE) is acquiring satellite connectivity provider EMC for $550 million, the companies announced this morning.

Who is the CEO of Global Eagle Entertainment?

EMC founder and CEO Abel Avellan will become president and chief strategy officer at Global Eagle Entertainment once the acquisition is complete. Avellan said EMC is seeing a significant explosion in the demand for bandwidth, particularly from cruise lines and yachts.

What was revenue for Global Eagle in 2016?

Global Eagle reported record Q1 2016 revenue of $113.8 million, growing year-over-year by 13.5 percent. The company anticipates full year revenue of $470 to $490 million as GEE alone, and revenue of $660 to $690 million for the year post-acquisition of EMC.

How many EMC support centers are there in the world?

EMC has 21 teleports located around the world, 52 global support centers, and more than 20 proprietary compression and bandwidth optimization technologies. Davis said GEE intends to leverage these assets to serve aviation customers as well as EMC’s core customer base.

https://www.youtube.com/watch?v=8mAtVUfpQJU