Your English writing platform
Discover LudwigExact(3)
US Airways said it would file a restructuring plan with the bankruptcy court in mid-December.
United, which filed for bankruptcy protection in December 2002, has the exclusive right to file a restructuring plan through Aug. 30.
Companies now have only 18 months to file a restructuring plan of their own, and the process of bankruptcy has become more expensive.
Similar(57)
See articleFurther trouble for GM loomed on the horizon as Delphi, its main parts supplier, filed a restructuring plan that sheds most of its factories, eliminates thousands of jobs and voids the contracts and benefits of its current and retired workers.
G.M., in a restructuring plan filed with the government in February, said it would need $2 billion more in federal loans in March and another $2.6 billion in April.
Payless ShoeSource became the latest major retailer to declare financial distress when, on Tuesday, the company filed for Chapter 11 bankruptcy and announced a restructuring plan that includes the immediate closure of 400 stores in the United States and Puerto Rico.
Charter previously announced that it would file for bankruptcy by April 1 as part of a restructuring plan struck with its creditors.
The insurer Reliance Group Holdings said yesterday that it had filed for bankruptcy protection and had agreed to a restructuring plan with some of its creditors.
Such a filing, in which creditors and management agree to a restructuring plan in advance, would identify what assets Enron still has that could be used to partly repay lenders and other creditors.
The current bottleneck came after Hanjin filed for bankruptcy protection Wednesday after its creditors rejected a restructuring plan.
If debtholders reject the offer, OPTI said it would pursue a restructuring plan laid out in its bankruptcy filing.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com