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MGM is seeking to reorganize its $4 billion debt load as its creditors work on their own proposals for the company.
It also suggests that Iraq's creditors work through mechanisms like the Paris Club to agree on the disposition of the old debts.
He has begun laying a choice before creditors: Work with him by accepting cuts to what they are owed, or face the prospect of a Chapter 9 bankruptcy proceeding where they might have little influence on the outcome.
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As Ms. Farmer negotiates with her creditors, works a full-time job and clashes disastrously with her 14-year-old daughter, the complexity of the documentary sneaks up on you.
"We take them away, contact all of the creditors, and work out what our client can afford to pay back each month.
The only top French government official to go on the record was Economy Minister Emmanuel Macron, who said Greece and its international creditors must work on a compromise, and that Europe could not "crush an entire people".
The first review of Greece's bailout reforms is set for October, after which the nation and its creditors can work toward debt restructuring talks.
Negotiating with creditors to work out a payment plan is another option.
Greece remains mired in problems, and international creditors are working on a controversial solution to lower its debt load.
Mr. Giannetti da Fonseca confirmed that he had been invited to replace Mr. Silva but said he would accept only if a restructuring plan between shareholders and creditors were worked out first.
Talk of debtors and creditors simply "working together" ignores existing UN agreements, dating back to 2002, that clearly recognise the joint responsibility of both the lender and borrower.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com