Sentence examples for debt reorganisation from inspiring English sources

Residents of Stockton, California, are to find out if their bankrupt city will be granted a huge debt reorganisation package that would end two years of financial uncertainty.

Chapter 11 bankruptcy – the type of petition made by 50 Cent – provides a legal framework for debt reorganisation, allowing the debtor the opportunity to put forward a repayment plan to creditors which, if approved, can be made binding by a court.

A payment of £34,000 in cash and bonds, and some hasty reorganisation of outstanding debts, was sufficient for an acquiescent Official Receiver to grant the discharge just in time for Bottomley to hand in his nomination papers in South Hackney.

The government would absorb almost  million in debts and would convert another  million it provided in loans into equity; after reorganisation, the company would have a debt of approximate  million.

In the plan de redressement, although it mainly consists of a reorganisation plan, the judge may enforce a debt-restructuring schedule and he can also partly reduce the debts.

Enron Corporation, the US energy group embroiled in allegations of financial irregularities and saddled with $15bn£10bnbn) of debt, was last night poised to file for the biggest bankruptcy reorganisation in corporate history.

"In this reporting period … Haymarket also embarked on a fundamental reorganisation that has involved non-core disposals, office moves, a debt reduction programme and capital restructuring," said Heseltine, the company chairman, in the group's Companies House filing.

Slovenia has also simplified reorganisation procedures for small companies in part by easing debt-for-equity swaps.

The reorganisation after filling for bankruptcy protection helped the firm shed crippling debts and legal liabilities.

These figures also reflect a reorganisation of the club's finances that took place in March 2014, which saw their bank debt of £9m cleared.

See article.Deutsche Bank presented its long-awaited reorganisation plan, which involves shrinking its investment bank, selling its Postbank retail subsidiary and trimming its debt load.