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The federal government eventually did help the companies restructure through bankruptcy, but only after providing billions of dollars in loans.
The company, which was brought low by arcane union working rules and a strike, had been trying to restructure through bankruptcy since January.
American Media, the publisher that titillates the mind with tabloids like National Enquirer and firms the body with magazines like Men's Fitness, announced on Monday plans to restructure through what it said it expected would be a quick and painless bankruptcy.
At first read, the idea that colleges could restructure through bankruptcy might appeal to many institutional leaders as a way to force changes that would be otherwise unacceptable within shared governance, especially to staff and faculty rightfully fearful of program disruption, department closings and faculty and staff pink slips.
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In January the club's debt was restructured through a bond issue of £500m.
In his blog, O'Connor wrote that his work confronts "a morass of contradictory realities that must find a poetic restructuring through investigation".
Of that, two-thirds is former Soviet Union debt, restructured through the Paris Club of official creditors; the rest is new.
And questions about Greece have become less pressing after a majority of the country's bondholders agreed to participate in a debt restructuring through a bond swap this month.
Team Auto's idea was to bypass the traditional bankruptcy procedure, in which the entire company would be restructured through a protracted process of negotiation with creditors.
LONDON — Greece moved closer Monday to avoiding default when a large group of private sector bondholders said that it would participate in a restructuring through a bond swap.
It derives from Low Franconian, the speech of the Western Franks, which was restructured through contact with speakers of North Sea Germanic along the coast (Flanders, Holland) about 700 ce.
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