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The agency originally planned to restructure debts before selling them in bundles.
To fix its finances, Stockton is asking the bankruptcy court to restructure debts totaling about $250 million.
So lenders have no choice but to restructure debts, work with the tribe and hope that the economy picks up.
On December 3rd Rusal said it had reached a deal to restructure debts of $17 billion, including $7 billion held by foreigners, clearing the way for the IPO.
financing also deprives Indonesia of the chance to restructure debts to the so-called Paris Club of international creditors, which includes the United States and Japan.
The former state telecom company is in pretty bad shape just now, desperately trying to restructure debts reputed to total £3.3bn.
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The fund, which knows how to restructure debt, must ensure the process is run in a competent manner.
The announcement, coming after the hiring of investment banks to restructure debt and find potential buyers, has stymied investors.
In downgrading Greece's debt, Moody's warned that Athens would have difficulty fulfilling its promises to overhaul its finances and might have to restructure debt.
AES, a tarnished American giant which owns the biggest distributor, has defaulted on loans from a Brazilian bank; other distributors are trying to restructure debt.
The venture struggled to restructure debt and the courts blocked increases to the regulated rents.Britain's economy started growing again in the fourth quarter of 2009.
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