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Its recent talks with Aguas have focused on restructuring the enterprise into a public-private partnership.
Greg Martin, a company spokesman, responded to the letter from the Michigan attorney general by saying that the company remained focused on restructuring outside of bankruptcy.
This effort, which had focused on restructuring and selling smaller assets owned by the government, will now be aimed at electric, transportation, telecommunications and military hardware concerns.
As of Sunday morning, the government was frantically trying to put together a deal focused on restructuring its banking system and imposing capital controls.
Many firms are now emerging from a period of gloomy introspection in which they focused on restructuring and overhauling corporate governance.
For now, Mr. Brizard is focused on restructuring C.P.S.'s administration, developing better principals and cleaning up what he calls the "collateral damage" of past reforms.
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Norm Brodsky, a serial entrepreneur and columnist for Inc. magazine in New York City: "Mr. Justen should focus on restructuring or starting a new company using his intellectual property.
Colorado Dance Festival nearly went on hiatus this summer to focus on restructuring before grants arrived from the Lila Wallace Reader's Digest Fund, the National Endowment for the Arts and state and local organizations.
WHAT OTHERS SAY Norm Brodsky, a serial entrepreneur and columnist for Inc. magazine in New York City: "Mr. Justen should focus on restructuring or starting a new company using his intellectual property.
The collapse of the talks is probably more disheartening for Lucent, where Mr. Schacht and his management team must now focus on restructuring the company in response to several looming problems.
Previously, Christian was a management consultant with McKinsey & Co. Inc. focusing on restructuring, strategy and M & A projects within various industries.
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