Welcome to WSJ Pro Bankruptcy's Daily Briefing. It's Thursday, April 16. In today's briefing, a bankruptcy judge disqualified Jones Day from representing an R.T. Vanderbilt subsidiary, citing the firm's prior work for the parent company in designing its chapter 11 strategy for mass asbestos lawsuits. Elsewhere, Spirit Airlines faces risk of liquidation following the steep climb in oil prices from the Iran war.

Jones Day booted as bankruptcy counsel to R.T. Vanderbilt unit. A bankruptcy judge disqualified law firm Jones Day from representing an R.T. Vanderbilt Holding unit in its attempt to use chapter 11 to resolve asbestos-related liabilities at its nonbankrupt parent company.

Judge Wendy Kinsella of the U.S. Bankruptcy Court in Syracuse, N.Y., ruled that Jones Day can’t act as bankruptcy counsel to former talc-mining company Vanderbilt Minerals due to the firm’s historical representation of its owner R.T. Vanderbilt.

The judge said she understood her ruling was “a bomb that just dropped” ahead of a trial on a proposed settlement between the subsidiary and its parent regarding their liabilities for more than 1,400 asbestos-related lawsuits stemming from past talc production.

QVC to file for chapter 11 to restructure debt. The parent company of QVC and HSN, formerly known as Home Shopping Network, said it plans to file for bankruptcy after reaching a restructuring agreement with creditors. The pioneer of televised retail has been forced to navigate a shift in consumer habits as cord-cutting diverted traditional cable viewers.

Solar-panel installer Freedom Forever files for bankruptcy. Solar-panel installer Freedom Forever has filed for chapter 11 bankruptcy with at least $500 million in liabilities, including $114 million owed to clean-energy lender Mosaic Sustainable Finance Corp.

Mosaic itself had filed for bankruptcy last June, becoming another in a string of solar companies struggling with higher interest rates and political uncertainties over tax incentives. Its bankruptcy plan was approved last September. Sunnova Energy also filed for and exited bankruptcy last year.

Freedom Forever, based in Temecula, Calif., is also under attack by Texas Attorney General Ken Paxton, who is cracking down on companies that he alleges use deceptive practices to sell solar panel systems. As of last summer, it operated in 32 states and had completed 150,000 solar installations. –Becky Yerak

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