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Meanwhile, EMI struggled under the weight of the large debt payments and shrinking CD sales.
The state is also making large debt payments from voter-approved bond measures and deficit spending.
Although Japan gives large dollops of money each year, it also collects large debt payments from poor countries.
In February 2009, the company entered bankruptcy after struggling to make ends meet under declining revenue and large debt payments.
The winning bidder will be selected Dec. 18, with proceeds of the sale expected to flow into government coffers in February, just before a group of large debt payments come due.
Dozens of private-equity backed retailers — including Toys R Us, Nine West and Gymboree — have filed for bankruptcy since last year as they struggle to keep up with large debt payments and increased competition from online start-ups.
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But it is aware that United has a large debt payment due on Nov. 17.
Analysts say the company is strained for cash and has a large debt payment coming due in 2010.
US Airways is under bankruptcy court protection, and United Airlines is trying to avoid a filing, scrambling to obtain financing before mid-November, when a large debt payment is due.
The company, which lost $889 million in the third quarter, has a large debt payment due in mid-November and says it has no access to the capital markets.
For almost two months, United's five unions had been working together to present a concession package to the airline, which is trying to obtain financing before mid-November, when a large debt payment is due.
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