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While last Friday was the deadline for restructuring the debt, Purdy Crawford, the chairman of the committee, called the Pan-Canadian Investhes Committee for Third-Party Structured Asset-bankruptcymercial Paper, said the bankruptcy filing was not "a last-minute Hail Mary pass; it is a carefully considered structural step in our process".
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After the council determined in November that Amtrak would not meet that deadline, it released nine recommendations for restructuring the railroad.
Gives his plans for restructuring.
There is little stomach for restructuring.
So much for restructuring markets.
Opel's parent, G.M., faces a June 1 deadline to restructure or file for bankruptcy.
G.M., which like Chrysler received federal assistance last year, faces a June 1 deadline for its own restructuring.
The first deadline for a crucial restructuring passed on Friday night.
Under Michigan law, the soonest Mr. Orr could be removed by local officials is September 2014, months after a proposed deadline for the city to file its restructuring plan with the bankruptcy court.
He insisted that this amounted to the "necessary steps" to give Chrysler "a new lease of life".As the administration's deadline for achieving an out-of-court restructuring of Chrysler neared, it appeared that the Treasury's twisting of arms was getting results.
G.M. said it made more sales Tuesday — after the Obama administration forced G.M.'s chief executive to resign and set a 60-day deadline for the company to more aggressively restructure or go bankrupt — than on the last day of any month since September.
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