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According to a restructuring plan submitted in Ieper, Belgium, the company could either sell the technology or create a new company where creditors, who are owed around $500 million, would become shareholders.
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In his statement to parliament, William Hague said that the damage done to the embassy and the residential compound was done by 200 "student Basij militia", but diplomats note that according to a recent restructuring by the Supreme Leader, Ali Khamenei, the Basij serve as a youth arm of the Revolutionary Guard.
Democrats may have a reputation for being the "mommy party," but according to a survey of restructuring professionals, Senator John McCain is the presidential candidate most likely to create a nurturing environment for turning around distressed companies.
The restructuring, according to a court filing, will allow Sbarro to reduce its debt by $195 million, or more than half.
While Freedom had won a waiver from its lenders, it finally decided that it could not solve its problems through an out-of-court restructuring, according to a court filing by Mark A. McEachen, its chief financial officer.
Mr. Safra, the 62-year-old leader of a financial empire that includes banks in Brazil, the United States, Switzerland and Luxembourg, opposed last week's default decision as well as suggestions from BellSouth to pursue a debt restructuring, according to a letter he sent to F. Duane Ackerman, BellSouth's chief executive.
Zynga founder Mark Pincus is raising up to $700 million for a new investment fund that will focus on publicly traded tech companies in need of strategic restructuring, according to a new report in Axios.
Now, as of Monday, Reuters reports that SFX is exploring debt restructuring, according to a spokesman for Sillerman.
It would continue to market and distribute books already in print and would consider restructuring options, according to a company statement.
The company attributed the profit gain to "increased advertising revenues at The Wall Street Journal and lower operating expenses throughout the newspaper businesses from prior year restructuring efforts," according to a company statement.
The Asia Times reports, "Morgan Stanley is financial adviser to GM during its restructuring, along with Evercare Partners and Blackstone Group, according to a June 1 Bloomberg report".
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