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"It shows the court thinks the company is viable and that it has a chance of survival," the chief executive of Swedish Automobile, Victor R. Muller, said after an appeals court in western Sweden granted its request for creditor protection, known as a reconstruction.
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Bankruptcies may be filed at the request of creditors or of the firm itself and are issued by court.
A U.S. federal judge has temporarily granted Hanjin's request for protection from its creditors and..
Seth Kursman, a spokesman for the company, said that the company would make a separate request for protection under Canada's creditor laws in its hometown, Montreal, on Friday.
Request your creditor's allowance for your mistake.
The developer of the emirate's palm-shaped islands had indirectly sparked Dubai World's recent request to creditors for a temporary suspension of debt repayments after it was unable to pay its own $3.5 billion Islamic bond.
However, Keynes could not secure American support for "creditor adjustment".
Shortly before it slid into default, Greece wrote to its creditors to elaborate on an earlier request for a two-year €29bn loan from the eurozone's €500bn crisis fund.
Indonesia's biggest creditors are scheduled to meet in Jakarta early next month to consider the country's request for new loans.
Our request for housing failed.
Request for Proposals.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com