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Thornburg Mortgage is out today with a reorganization proposal that shows how desperate it is for cash — and how overvalued its shares are now.
A reorganization proposal to value asbestos-related claims at $16 billion would leave less money for Owens Corning's bank lenders, bondholders and other creditors, a lawyer, Andrew Rahl, said.
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* Eagle Computer Inc., Garden Grove, Calif., said it was receiving preliminary interim financing from an investment group under a tentative reorganization proposal in which the group would provide $500,000 in exchange for 40percentt of Eagle.
Dissatisfaction with Anderson surged in December 2013, when she announced the One Newark plan, a school reorganization proposal with the goal of creating "100 excellent schools" by closing and consolidating several Newark schools while expanding charter school influence in the district.
Lawmakers will formally unveil the PUC reorganization proposal through a package of new bills that is expected to be approved before the end of the legislative session in August.
Control of the debt could put Japonica in a strong position to get its reorganization proposal approved by creditors of the company, which sells the Sunbeam and Oster brands.
Their government reorganization proposal includes the creation of a "Council on Public Assistance".
Still, he said his reorganization proposal -- unlike past restructuring efforts -- had a better chance of success because the hijackings drove home the realization that change cannot wait.
Linda Stamato, a former acting dean at Douglass and a member of the Rutgers task force that produced the 178-page reorganization proposal, recently said of women's colleges, "I think they're far less necessary that they were before".
His reorganization proposal, which has yet to be released, comes at a crucial moment for the district — three months after a divisive teachers' strike and as L.A. Unified faces projected budget deficits, declining enrollment and increasing competition from charter schools.
The reorganization proposal requires approval from the courts and from creditors.
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